ContourGlobal warns on profit

Thu, 5th Dec 2019

Wholesale power generation firm ContourGlobal said full year earnings would be 'modestly' below expectations thanks to delays in closing out an acquisition in Mexico. The company reported adjusted earnings before interest, tax, depreciation and amortisation up 19% from $447m to $531.6m for the period 1 January to 30 September. It said this reflected the full nine-month ownership impact of the Spanish Concentrated Solar Power acquisition completed in May 2018, improved renewable generation offset by a negative currency impact. At 9:33am: (LON:GLO) Contourglobal Plc Ord 1p Wi share price was +1.25p at 208.25p Story provided by StockMarketWire.com

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