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Mytrah Energy’s Smith says results are ‘the culmination of four years of very hard work’

Bob Smith, executive vice president of Mytrah Energy (LON:MYT), says today’s final results are a “great demonstration” of what has been built over the last four years.

The Indian wind power group today revealed that revenues were up 37% to US$69.6mln in 2014 from US$50.9mln the year before, while underlying EBITDA was up 36% to US$65.4mln from US$48.2mln in 2013.

Smith says the company has spread the risk across multiple states in India, which means it has spread the financial return as each state has its own regime and regulatory environment. He also stresses that the company has the necessary finance to fulfil its growth ambitions.

Quick facts: Mytrah Energy Ltd

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AIM:MYT
Market: AIM
Market Cap: £0.00
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Capital Network's Stacey: 2017 is the year Mytrah Energy will unlock value

Ed Stacey, analyst at Capital Network discusses the performance, outlook and valuation of India-based renewable energy company  Mytrah Energy. He believes 2017 is the year Mytrah Energy will start becoming more profitable and unlock further value for investors.

on 01/25/2017

2 min read