Tilt lifts annual guidance on solid first-half result

Thu, 31 Oct 2019

Tilt Renewables lifted its full-year earnings guidance after a solid first half that saw net profit rise 40 percent and revenue increase 7.1 percent from a year earlier. The Melbourne-based energy developer said earnings before interest, tax, depreciation, amortisation and fair value movements of financial instruments in the six months to Sep. 30 were A$71.4 million, up 6.7 percent from a year earlier. It now expects full-year ebitdaf to be A$127-132 million following the solid start to the year. It had previously signaled a range of A$122...

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