Indus has released its FY 2015 results showing growth in revenue and profits versus the previous year. Revenues were behind our forecasts due to the level of power plant usage from customer GAIL though PAT is in line on lower-than-expected interest. Based on this we have trimmed FY 2016 revenues though PAT remains largely unchanged. Indus has drilled 15 development and appraisal wells since April 2014 supporting the potential for increased gas sales and long term development plans for the blo
22 Sep 2015
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Indus Gas Limited (INDI:LON) | 49.4 0 0.0% | Mkt Cap: 90.3m
- Published:
22 Sep 2015 -
Author:
Daniel Slater -
Pages:
3
Indus has released its FY 2015 results showing growth in revenue and profits versus the previous year. Revenues were behind our forecasts due to the level of power plant usage from customer GAIL though PAT is in line on lower-than-expected interest. Based on this we have trimmed FY 2016 revenues though PAT remains largely unchanged. Indus has drilled 15 development and appraisal wells since April 2014 supporting the potential for increased gas sales and long term development plans for the blo