Greencoat UK Wind posts GBP-7.6m profit for H1 2013
Aug 19, 2013 - Renewable energy fund Greencoat UK Wind Plc (LON:UKW) today reported a net profit of GBP 7.6 million (USD 12m/EUR 9m) for the December-June period thanks to a GBP-10.5-million gain in the fair value of investments.
The company, whose current portfolio includes 126.5 MW of on- and offshore wind farm capacity, was established at the start of December 2012. At the end of March it completed its initial public offering (IPO) in London raising GBP 260 million.
Greencoat UK Wind’s net asset value (NAV) stood at GBP 262.4 million as of June 30, compared to GBP 254.8 million at the time of its listing.
Basic and diluted earnings per share were GBP 0.0294 in the reporting period. Greencoat UK Wind said it would distribute a dividend of GBP 0.015 on September 20.