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ERM Power Ltd (EPW.AX)

EPW.AX on Australia Stock Exchange

1.34AUD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

ERM Power says FY net loss for period attributable to members $1.1 million
Wednesday, 23 Aug 2017 09:06pm EDT 

Aug 24 (Reuters) - Erm Power Ltd :FY net loss for period attributable to members $1.1 million versus profit of $35.8 million .FY revenue from ordinary activities up 16% to $3.13 billion .Fully franked final dividend of 3.5 cents per share.  Full Article

ERM Power announces sale of US residential business
Monday, 3 Apr 2017 06:52pm EDT 

ERM Power Ltd : ERM Power announces sale of US residential business . Erm Power Ltd - deal for for approximately US$11 million ."Outlook for the us business remains broadly in line with the announcement made on 23 February 2017".  Full Article

Erm Power expects Australian Retail gross margin for FY2017 to improve to about $3.50/MWh
Thursday, 30 Mar 2017 01:13am EDT 

Erm Power Ltd : Also expects its australian retail gross margin for fy2018 to improve to about $3.50/mwh, which is materially above current market consensus. . ERM POWER is realising improved margins with positive results from forward sales, portfolio optimisation and risk management activities. . Expected outlook for its australian retail gross margin for fy2017 to improve to about $3.50/mwh, from a previously advised $3.00/mwh ."Other components of FY2017 outlook remain broadly in line with announcement made on 23 February 2017.".  Full Article

ERM Power says would meet its obligations under LGC scheme
Monday, 23 Jan 2017 05:58pm EST 

Erm Power Ltd : Would meet its obligations under LGC scheme through combination of surrendering certificates & paying clean energy regulator (cer) $123 million for 2016 . "This does not change co's previously stated outlook for fy2017 and as previously noted, earnings will be weighted to second half" . Impact is an incremental tax charge of $37 million which is recognised at 31 december 2016 . Outlook for australian retail ebitda 1 in fy2018 is consistent with market consensus .Outlook for Australian retail ebitda 1 in fy2018 does not include any assumptions for further payment of lgc shortfall charges.  Full Article

Erm Power says FY 2016 guidance affirmed
Sunday, 19 Jun 2016 06:51pm EDT 

ERM Power Ltd : FY 2016 guidance affirmed and FY 2017 outlook . Says the final dividend for FY 2016 is expected to remain at current levels . Business remains on track to meet forecast sales load of 20twh to 21.5twh (Australia and US) and sme customer sites in Australia of 37,500 to 41,000 .  Full Article

ERM Power says co acquires lighting efficiency co Lumaled
Monday, 7 Mar 2016 05:04pm EST 

ERM Power Ltd:Erm Power acquires lighting efficiency company lumaled.Deal will be earnings accretive from FY 2017, its first full year of operations within ERM Power.The acquisition cost of $3.5M, plus a payment of up to $1.5M which is contingent on first-year earnings, is funded out of cash.  Full Article

ERM Power acquires energy data analytics company Greensense
Tuesday, 15 Dec 2015 05:44pm EST 

ERM Power:Erm Power acquires energy data analytics company Greensense.Says "it will be earnings accretive from FY 2017".Says acquisition is expected to complete in January 2016.Says acquisition cost is $5.25 mln and will be funded out of cash.  Full Article