Indus has released its H1 results showing operating cash generation of US$27.2m in the half from SGL revenues and positive working capital, helping fund CAPEX on the rest of the company’s RJ-ON/6 block. Reported revenues leave ground to make up in the second half due to maintenance shut-downs at the offtaker power plant and an agreement on higher gas pricing yet to be reached. We have left our full year revenue forecast unchanged optimistic that this will be made up. Our earnings foreca

21 Dec 2015
H1 FY 2016 Results

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H1 FY 2016 Results
Indus Gas Limited (INDI:LON) | 5.2 0 0.0% | Mkt Cap: 9.42m
- Published:
21 Dec 2015 -
Author:
Daniel Slater -
Pages:
3 -
Indus has released its H1 results showing operating cash generation of US$27.2m in the half from SGL revenues and positive working capital, helping fund CAPEX on the rest of the company’s RJ-ON/6 block. Reported revenues leave ground to make up in the second half due to maintenance shut-downs at the offtaker power plant and an agreement on higher gas pricing yet to be reached. We have left our full year revenue forecast unchanged optimistic that this will be made up. Our earnings foreca