Global EcoPower S.A. Announces Audited Consolidated Earnings Results for the Half Year 2015; Reaffirms Earnings Guidance for the Fiscal 2017
Global EcoPower S.A. announced audited consolidated earnings results for the half year 2015. For the period, the company reported turnover was 17,086,000 against 2,506,000 a year ago. This turnover reflects the implementation of the strategy of Global Ecopower which leads GEP to record the total capital expenditure in cost of sales and the total sale in turnover, recognized by stage of completion of each power plant. EBITDA was 926,000 against 179,000 a year ago. Operating income was 956,000 against 416,000 a year ago. Financial loss was 59,000 against results of 7,000 a year ago. Net income of consolidated companies was 599,000 against 463,000 a year ago.
Given the evolution of its business model and the many ongoing development projects, the company confirms its ambition and objectives for 2017, aimed at achieving a turnover of 120 million and an EBITDA of 32 million.