Boralex Posts Stronger Financial Performance in 2011

By Midnight Trader,  February 21, 2012, 08:35:35 AM EDT

Power producer Boralex Inc. (BLX.TO) today announced that it ended fiscal 2011 with a sharp rise in earnings before interest, taxes, depreciation and amortization, totaling $100.8 million compared with $39.4 million in 2010.

This rise resulted primarily from the positive impact of consolidating the operations of Boralex Power Income Fund and growth in the wind and solar power segments, which contributed $38.2 million and $18.9 million respectively, in additional EBITDA.

The company recorded net earnings attributable to shareholders of $2.9 million in 2011, which when increased by $4.6 million compared with 2010, excluding a $36.8 million extraordinary gain recorded in 2010 on the acquisition of the Fund.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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