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Summit Power's Profit Jumps 51% in 2024
Energy & Power
|EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025)
Summit Power Ltd, a major private electricity producer, reported a significant increase in its profit for 2024, thanks to reduced volatility in the exchange rate.
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Summit said its consolidated EPS increased by 51.2 percent this financial year compared to last year, primarily due to the significantly higher heavy fuel oil (HFO) cost relative to HFO revenue in the previous year.
Diese Geschichte stammt aus der EP_22_18 (Energy & Power Vol 22 Issue 17 March 1, 2025) -Ausgabe von Energy & Power.
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