Harmony Energy Income Trust Plc (GB:HEIT) has released an update.
Harmony Energy Income Trust PLC reported a significant boost in operational revenue, reaching £8.0m for the half-year period ending April 2024, a substantial increase from £2.3m in the previous year, due to a larger portion of its battery energy storage projects becoming operational. The firm’s net asset value climbed to £218.53m, with an NAV per share of 96.21 pence, and they’ve revised their dividend policy to distribute a minimum of 85% of operational free cash flow semi-annually. Furthermore, the company’s development is progressing positively, with the final three assets expected to be operational soon, indicating optimistic financial prospects ahead.
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