Highlights
Financial
Revenues of £98.8m up 76% from £56.2m
Pre-tax profits of £17.95m up 70% from £10.54m
EBITDA of £30.97m up from £17.74m and EBITDA margin of 31%
EPS of 4.1 pence up from 2.4 pence, up 71%
Cash & cash equivalents of £22.8m (including available-for-sale investments of £16.2m) and gearing of 52%
Operational
80MW Chennai III commissioned in June 2013, ahead of schedule and within budget
160MW Chennai IV expanded to 180MW
£128m invested during the year in projects with Chennai IV and Gujarat on track
Operational performance well ahead of industry norms
'We now have 480MW of projects that we are endeavouring to deliver during the current financial year and despite the challenges of establishing projects in India we remain on track to achieve this goal.
Given the progress that the Company has made the Board expects to declare a maiden dividend following the successful and sustainable profitable operation of the new 480 MW of capacity.'
