But the company, having fully integrated its purchase of Icelandic geothermal producer HS Orka, dramatically boosted its energy production, revenue and gross profit.
Magma produced more than 351GWh of geothermal energy in its fiscal year 2011 second quarter, driving nearly $18.8m in revenue and operating profit of almost $5.5m. The company says its results in the quarter are not comparable to earlier periods because of the acquisition of 98.5%
