Photon Energy NV published its monthly investor report for April2018. Thanks to the good weather and an abundance of sunnydays in April the monthly aggregate electricity production exceededthe forecasts by over 21% across the company’s proprietaryportfolio. Furthermore, the first Hungarian power plant in Fertődhas been added to the production report.
After the reporting period Photon Energy released its financialresults for 2018 Q1 highlighting the company‘s record revenues anda EUR 1.89 million net profit. In early May KFM DeutscheMittelstand AG announced that it had invested EUR 1.5 million inthe Photon Energy corporate EUR Bond 2017/22 via its fund dedicatedto SME corporate bonds.
Finally, Photon Water announced receiving a 50% subsidy from theCzech Development Agency and the Ministry of Foreign Affairs of theCzech Republic for the implementation of its water treatment plantsin small and medium-sized municipalities in Peru. The entireproject is expected to be realized by 2020 and to cost CZK 9.637million (EUR 380,000), of which 4.819 million (EUR 190,000) will becovered by the Czech Development Agency’s subsidy.
Download the monthly report here (pdf).
All our reports can be found onthe Reports page in our InvestorRelations section.
MEDIA CONTACT
Anastasia Hotar
T +420 775 861 732
E anastasia.hotar@photonenergy.com
