Infigen Q1 revenue rises 9% Y/Y to USD 66m

Oct 31, 2012 - Australian wind farm operator Infigen Energy (ASX:IFN) said Wednesday its revenue for its first fiscal quarter to September 30 was AUD 63.3 million (USD 66m/EUR 51m), up 9% year-on-year.

Revenue generated in the US was down 4% year-on-year to USD 23.7 million, largely offset by a 19% year-on-year growth in Australian revenue to AUD 40.4 million.

During the period, Infigen produced a total of 946 GWh of electricity, up 4% year-on-year. US output remained unchanged at 520 GWh, while Australian production rose by 9% on the year to 426 GWh.

(AUD 1 = USD 1.038/EUR 0.801)

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