India's Mytrah sees profits boost

Indian wind developer Mytrah ordered a further 227MW of capacity from manufacturer Suzlon as its growing portfolio of operating wind assets delivered revenue and profits boosts.

Mytrah said it is also in “advanced stages of negotiations” with its Indian compatriot over a further 100MW.

London-listed Mytrah announced revenue of $27.4m for the six months to 30 June, a 70% increase on the first half figure for 2012.

Earnings before interest, tax, depreciation and amortisation (Ebitda) grew by 81% to $24.5m, with an Ebitda margin of 88%, while net profit was $3.9m, up from a year-earlier $2.6m.

Mytrah said its operational wind base of 310MW is performing “slightly ahead of expectations” and it expects that figure to Log in to read complete article.

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