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Photon Energy NV - Quarterly report 2019Q1 and Monthly report
Photon Energy Reports 13% Revenue Growth in 2019Q1
Photon Energy N.V. (WSE: PEN, the 'Company') today announced financial results for its fiscal 2019 first quarter, ended 31 March 2019, posting consolidated revenues of EUR 4.198 million, representing a 13% year-on-year increase.
In the reporting period, Photon Energy continued the implementation of its growth strategy by expanding its proprietary PV power plant portfolio by 5.5 MWp and by securing long-term project financing for its 11.5 MWp PV power plant portfolio in Hungary. In 2019Q1, the Company acquired six projects with a planned installed capacity of 4.2 MWp and another 14.2 MWp after the reporting period. In Australia, Photon Energy has been granted development approval to build 150 MWp at Gunnedah Solar Farm and won a contract to install 4.6 MWp of solar rooftops across 30 stores and a distribution centre for the supermarket chain ALDI.
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