Infigen Energy reported unaudited production and revenue results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported production of 361 GWh compared to 361 GWh a year ago.

For six months, the company reported production of 754 GWh compared to 736 GWh a year ago.

For the quarter, the company reported revenue of AUD 43 million compared to AUD 32.5 million a year ago.

For the six months, the company reported revenue of AUD 83.4 million compared to AUD 65.6 million a year ago. EBITDA, improved AUD 16.4 million to AUD 58 million from AUD 41.6 million a year ago, primarily due to improved large-scale generation certificate, or LGC, prices. Net profit before tax from continuing operations of AUD 0.5 million against net loss before tax from continuing operations of AUD 9.2 million, which was an improvement of AUD 9.7 million on the previous corresponding period. Net loss AUD 2.2 million against net profit of AUD 1.6 million a year ago. Revenue increased AUD 17.8 million or 27% to AUD 83.4 million as a result of higher LGC and electricity prices and higher production. Net operating cash flow from continuing operations was AUD 10.9 million compared to AUD 22 million a year ago. Loss from continuing operations was AUD 2.6 million against AUD 9.6 million a year ago. EBIT was AUD 32.0 million against AUD 15.2 million a year ago. Net operating cash flow per security was AUD 1.4 against AUD 2.9 a year ago. Operating cash flow from continuing operations was AUD 10.9 million against AUD 22.0 million a year ago. Operating cash flow was AUD 10.9 million against AUD 45.9 million a year ago.

For the financial year the company expects, full year production expected to be around the same as financial year 2015 Australian production. Revenue is expected to benefit from higher merchant LGC and electricity prices compared with the first half. A full year contribution of contractual turbine O&M cost increases at the Capital wind farm and unusually high FCAS costs are expected to result in full year operating costs for financial year 2016 of between AUD 37.5 million and AUD 39.5 million. Expect to repay approximately AUD 50 million of Global Facility borrowings in financial year 2016 from operating cash flow.