Tilt Renewables posts FY loss, trims dividend as lack of wind curbs generation

Thu, 10 May 2018

By Paul McBeth May 11 (BusinessDesk) - Tilt Renewables, the wind and solar generation facilities which split from Trustpower in 2016, posted an annual loss and trimmed dividends as a lack of wind in New Zealand and Australia stifled generation at its windfarms. The Auckland-based company reported a loss of A$2.8 million, or 0.89 cents per share, in the 12 months ended March 31, compared to a profit of A$16.4 million, or 5.23 cents, a year earlier. Earnings before interest, tax, depreciation, amortisation and fair value movements - its pr...

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