14th Sep 2020 18:01
Greencoat Renewables PLC - Dublin, Ireland-based renewable infrastructure company invested in euro-dominated assets - Posts net asset value per share of 102.2 EUR cents as at June 30, down from 103.1 cents on December 31. Wind speeds high for Irish portfolio but more uncompensated grid curtailment than expected as Covid-19 pandemic reduced electricity demand. Declares 3.03 EUR cents per share dividend for the interim period, up slightly from 3.015 cents year before.
Non-Executive Chair Ronan Murphy said: "In the first six months of the year, we have continued to grow the portfolio with ongoing consolidation in Ireland and our first acquisitions on the continent - a source of significant opportunity for the company. We have also delivered strong operational performance and robust dividend cover in keeping with the company's strategy. The outlook for the business remains positive with a strong pipeline for further growth both in Ireland and Northern Europe."
Current stock price: EUR1.17
Year-to-date change: down 2.5%
By Anna Farley; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Greencoat Renewables