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Trading statements

Infinis on track

16 February 2015 07:48

Infinis Energy's current trading remains in line with its expectations for the full year.

The group says it has delivered a solid operational performance since the start of October and its landfill gas business has continued to perform ahead of management expectations and wind speeds in recent months have been higher than in the first half of the financial year.

It says: "At the time of our interim results we noted the weakness in the oil price and the effect this may have on wholesale power prices. In the period following our results we have continued to see further oil price weakness which has seen corresponding weakness in gas and wholesale power prices.

"Nevertheless, while we continue to monitor movements in the power market, management remains confident that the group's current trading remains in line with our expectations for the full year.

"We continue to contract forward in line with our contracting strategy and remain committed to our dividend and growth strategy."

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