Tilt earnings drop 36% with smaller generating footprint

Thu, 13 May 2021

Tilt Renewables posted a 36% decline in annual earnings before interest, tax, depreciation, amortisation and fair value adjustments (ebitdaf) as last year’s sale of the Snowtown 2 wind farm meant it had few generating assets in the latest period.Ebitdaf fell to A$74.9 million in the 12 months ended March 31 from A$117.5m a year earlier, although stripping out the impact of the Snowtown exit meant underlying earnings were up 21%. Net profit dropped to A$67m from A$478.4m, with the year earlier period including the gain on the Snowtown sale...

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