PHOTON ENERGY N.V.: Quarterly report for 2016Q3.

opublikowano: 2016-11-07 17:06

Photon Energy is today publishing its report for the third quarter of 2016, in which the company reported revenues of EUR 4.594 million (up 6.8% year on year), representing sequential revenue growth, whereas Q3 revenues typically decrease due to the seasonality of energy production, EBITDA of EUR 2.744 million (up 5.6%) and EBIT of EUR 0.903 million (up 8.5%, the quarterly EBIT increased YOY for the fifth time in a row). As well as successfully making progress with growth projects in Australia, the Company signed new O&M contracts and improved the performance of its assets base by further strengthening its portfolio, which in terms of production was ahead of expectations during the quarter.

Legal basis: § 5 ust. 1 point no.1 of the Appendix 3 to Regulations of the Alternative Trading System -"Current and Periodical Information in the Alternative Trading System".

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