LGI Limited (ASX:LGI) Announces Half-Year Financial Results
Financial Performance
LGI Limited recorded a 6.7% increase in revenue from ordinary activities, reaching $16.911 million for the half-year ended 31 December 2024. Statutory EBITDA rose by 3.0% to $7.260 million, while net profit after tax decreased by 22.5% to $2.402 million.
Operational Highlights
The company enhanced biogas capture by 4.5% to 59.653 million cubic metres and increased renewable electricity generation by 7.0% to 49.953 gigawatt hours. Generation fleet availability stood at 97.5%, surpassing the target of 95%. Additionally, LGI created 227,334 Australian Carbon Credit Units, marking a 6.8% increase.
Dividends
LGI Limited declared an interim dividend of 1.2 cents per share, fully franked, for the half-year ended 31 December 2024. The dividend is payable on 27 March 2025.
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