15th Jul 2021 16:10
Gore Street Energy Storage Fund PLC - London-based fund investing in energy storage assets - As at March 31, net asset value per share was 100.9 pence, up 6.7% from 94.6p the same date the year before.
Net income for the annual period nearly tripled to GBP14.6 million from GBP4.7 million, while Gore Street Energy's portfolio increased to 440 megawatts, more than doubled from 189MW.
Declares total dividend per share of 7.0p, in line with year before.
"I am delighted to report that Gore Street had another exceptional period of successful growth as we continued to deliver successfully against our strategy and targets, delivering attractive returns to our investors in an important ESG sector. We grew substantially during the year with our portfolio of assets totalling 520 MW in aggregate, of which 210 MW is already operational, delivering strong cashflows for the company and underpinning quarterly dividends to our shareholders," says Alex O' Cinneide of investment adviser Gore Street Capital.
Current stock price: 111.50p
Year-to-date change: up 7.2%
By Dayo Laniyan; [email protected]
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