The Company reported a stronger quarter with comparable EBITDA of $279 mm, beating both FCC’s estimate of $271 mm and the Street at $268 mm. Quarterly earnings benefited from TransAlta’s cost reducing initiatives and EBITDA increased due to renewable assets acquired in 2015. The 150 MW South Hedland project in Western Australia continues to advance, with most of the major equipment having arrived on site. Management commented that it remains confident it will achieve its guidance for FY2016 of F ....
04 May 2016
Reports 1Q16 Results
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Reports 1Q16 Results
TransAlta Corporation (TA:TSE) | 0 0 0.3% | Mkt Cap: 1,874m
- Published:
04 May 2016 -
Author:
Steven I. Paget -
Pages:
6
The Company reported a stronger quarter with comparable EBITDA of $279 mm, beating both FCC’s estimate of $271 mm and the Street at $268 mm. Quarterly earnings benefited from TransAlta’s cost reducing initiatives and EBITDA increased due to renewable assets acquired in 2015. The 150 MW South Hedland project in Western Australia continues to advance, with most of the major equipment having arrived on site. Management commented that it remains confident it will achieve its guidance for FY2016 of F ....