Energy Developments lifts FY15 guidance

Company News

Energy Developments Limited (ASX:ENE) has lifted its earnings guidance for the full 2015 financial year after a strong start to the second half.  
 
The clean energy business now expects to generate EBITDA of between $211 million to $216 million from an earlier forecast of between $205 million to $210 million.  

Energy Developments has also been aided by high summer electricity pricing in Queensland, improved Large-scale Generation Certificate (LGC) prices and a lower Australian dollar. 

Managing Director Greg Pritchard says the company remains well positioned and capitalised for accretive growth with a number of near term opportunities being actively pursued. 

Energy Developments reported a net profit of $19.46 million in the first half of the 2015 financial year. 

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