Company did not provide specific guidance or outlook for future quarters or the full year
Overview
Singapore power and infrastructure holding's OPC unit Q2 rev more than doubled yr/yr
OPC net profit for Q2 rose to $15 mln from $1 mln yr/yr
Kenon received $93 mln from Peru, concluding arbitration award
Key Details
Metric
Actual
Q2 OPC Revenue
$379 mln
Q2 OPC Net Income
$15 mln
Result Drivers
Israel consumption and currency - Revenue from Israeli operations rose due to higher customer consumption and a stronger New Israeli Shekel against the U.S. dollar
U.S. plant consolidation - Revenue in the U.S. increased mainly from the first-time consolidation of the Shore and Maryland power plants and expanded retail electricity activities
Higher costs from expansion - Cost of sales rose due to higher customer consumption in Israel and the integration of new U.S. power plants
KEN•
