4th Jul 2022 11:26
Harmony Energy Income Trust PLC - London-based investment company focused on energy projects - Reports a pretax loss of GBP1.0 million in the period from October 1 to April 30 and revenue of GBP1.1 million. Net asset value per share at April 30 is 108.90 pence, or GBP228.7 million, up 9% since its initial public offering. Says increase is primarily driven by a 17% increase in revenue projects. Company declares a maiden dividend of 1 pence per share.
On November 9, the company listed on the London Stock Exchange with an initial market capitalisation of GBP210 million.
Looking forward, company expects to have 109 megawatts of operating project and 203.5 megawatts of project under construction by the end of 2022. Adds that its pipeline projects are progressing in line with expectations.
Current stock price: 112.22 pence, up 0.7% on Monday
12-month change: up 9.0%
By Heather Rydings; [email protected]
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