|
Greencoat Renewables PLC reported on Thursday its net asset value declined in the third quarter, and improved its dividend. The Dublin-based renewable energy infrastructure investor declared a dividend of 1.7025 euro cents for the third quarter to September 30 from 1.685 cents a year earlier. The company targets total dividend of 6.81 cents, up 1.0% from 6.74 cents. As at September 30, net asset value per share was 101.5 cents, down 8.1% from 110.4 cents at September 30, 2024, and inched down 0.5% from 101.0 cents at June 30 this year. The group completed the disposal of a 116 megawatt portfolio of six Irish assets for total proceeds of €156 million. It used the proceeds to repay debt, resulting in a reduction in total debt to €1.21 billion. Greencoat also said its listing on the Johannesburg Stock Exchange represented 14% total volumes in the third quarter, and indicated it will seek JSE approval to list on the main board to achieve index inclusion and expand its access to a wider investor base. It debuted on the JSE early in June this year. Shares in Greencoat Renewables were up 0.7% to €0.71 in London on Thursday. In Johannesburg, they were down 6.9% to R 13.32, however. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
