OPG declares maiden dividend

DividendMax Ltd.

OPG declares maiden dividend

Maiden Dividend

Interim dividend of 0.26 pence

Financial Highlights

Revenue up 108% to £117.7 million

EBITDA up 81% to £42.1 million

EPS up 41% at 4.80 pence

Free cash flow generated of £20.6 million

Gearing of 55% down from 58% at 31 March 2016

Operational Highlights

Strong ramp up of assets commissioned last year - Gujarat (300 MW) at 71%, C4 (180 MW) at 80%

Total generation increased 30% at Chennai and 185% at Gujarat to 2.4 billion units

Reported Average PLF of 77% at Chennai and 71% for Gujarat

Average tariffs: Rs 5.45 Chennai, Rs 3.88 Gujarat

Effect of coal price spike softened by forward coal purchases in early 2016

Chennai cash collections stronger

Companies mentioned