News: IFN Infigen Energy Posts FY Revenues From Ordinary Activities Up 13.9% $293.2 Mln

Aug 20 (Reuters) - Infigen Energy Ltd (IFN) :

• FY REVENUES FROM ORDINARY ACTIVITIES UP 13.9% $293.2 MILLION
• FY NET PROFIT ATTRIBUTABLE DOWN 91.5% TO $3.5 MILLION
• DID NOT DECLARE A DISTRIBUTION IN RELATION TO SIX-MONTH PERIOD
• IN FY21 EXPECTS TO GENERATE & SOURCE 2.2-2.3 TWH OF RENEWABLE ENERGY TO BE SOLD VIA ITS 3 CHANNELS TO MARKET
• EXPECTS ITS NET REVENUE AND EDITDA TO BE MATERIALLY LOWER IN FY21 COMPARED TO FY20
• SEES FY21 ASSET OPERATING COSTS ABOUT $50M-$60M AND BUSINESS OPERATING COSTS ABOUT $30M
• ANNOUNCED INDEFINITE SUSPENSION OF DISTRIBUTIONS