H1 net profit rises 24% for Greek wind co Anemos

H1 net profit rises 24% for Greek wind co Anemos

Author: .Martin. License: Creative Commons, Attribution-NoDerivs 2.0 Generic

Greek wind farm operator Eltech Anemos SA (ATH:ANEMOS) saw its net profit in the first half (H1) of 2016 grow by 24% year-on-year.

The company, part of Greek construction group Ellaktor (ATH:ELLAKTOR), operates 200.6 MW of wind farms, one 4.95-MW hydropower plant, and 2 MWp of photovoltaic (PV) capacity. Its H1 consolidated results are in the table.

Figures in EUR	H1 2016	H1 2015
Net profit	5.7 million	4.6 million
Net profit attributable to the parent company	5.4 million	4.3 million
Net profit per share	0.0655	0.0515
EBITDA	16 million	14.5 million
Revenue	22.1 million	19.2 million
Net debt	117.1 million	123.2 million

Anemos also has 57 MW of wind projects in progress and 129 MW of projects with environmental approvals in place.

(EUR 1 = USD 1.119)

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Published Sep 20, 2016 10:53 CEST

Author Tsvetomira Tsanova

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Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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