Edition:
India

Atlantica Reports First Quarter 2019 Financial Results


Friday, 10 May 2019 

May 10 (Reuters) - Atlantica Yield Plc ::ATLANTICA REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 REVENUE ROSE 4.1 PERCENT TO $221.5 MILLION.QUARTERLY DIVIDEND OF $0.39 PER SHARE DECLARED BY BOARD OF DIRECTORS.QTRLY DILUTED LOSS PER SHARE ATTRIBUTABLE TO ATLANTICA YIELD PLC $0.09.SIGNED AGREEMENT TO ACQUIRE A 30% STAKE IN "MONTERREY", A 142 MW GAS-FIRED ENGINE FACILITY IN OPERATION IN MEXICO.Q1 EARNINGS PER SHARE VIEW $-0.09, REVENUE VIEW $233.0 MILLION -- REFINITIV IBES DATA.INVESTMENT TOTALS APPROXIMATELY $42 MILLION IN EQUITY VALUE.CASH AVAILABLE FOR DISTRIBUTION ("CAFD") INCREASED 4.9% TO $45.1 MILLION IN Q1 OF 2019, ON TRACK TO MEET ANNUAL GUIDANCE..ATLANTICA ALSO ENTERED INTO A ROFO AGREEMENT WITH SELLER FOR REMAINING 70% STAKE IN MEXICO ASSET.ATLANTICA YIELD - HAS A RIGHT TO ACQUIRE STAKES OR MAKE INVESTMENTS IN TWO ALGONQUIN ASSETS IN US FOR A TOTAL EQUITY VALUE UP TO $100 MILLION.ON MAY 9, SIGNED NEW ENHANCED COLLABORATION AGREEMENT WITH ALGONQUIN.PART OF INVESTMENT IN CO'S SHARES WILL BE DONE BY ALGONQUIN SUBSCRIBING FOR $30 MILLION IN NEW SHARES AT $21.67 PER SHARE.CO, ALGONQUIN HAVE AGREED TO ANALYZE JOINTLY DURING NEXT SIX MONTHS ALGONQUIN'S CONTRACTED ASSETS PORTFOLIO IN US AND CANADA. 

Company Quote

23.51
-0.06 -0.25%
19 Aug 2019