Glow Energy boosts dividend payout
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Glow Energy Plc has declared an interim dividend of Bt1.531 per share, up 5 per cent from the interim dividend paid last year, after earning Bt4.72 billion on Bt26.14 billion of revenue in the first half of this year.
Brendan Wauters, CEO of Glow Group, said its second-quarter performance was excellent, driven by sustained strong demand from industrial customers and solid availability levels across its fleet.
“Margins on the cogeneration side of our business remain sound and reflect increasing gas prices and the upward revision of the Ft in May.
“Our results also incorporate some non-recurring income items, such as the settlement of a material insurance claim for Gheco-One.”
