Wigton Energy reduces debt by $800 million, boosts net profit
1 report, 1 independent
Updated Oct 16
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What happened
Wigton Energy Ltd reduced its borrowing by over $800 million after fully repaying bond-A. The company reported net profit increased 52 per cent to $144.6 million on sales of $726.5 million. Production from the Manchester wind farm complex rose 16.6 per cent to 94.7 million kilowatt-hours.
From jamaica-gleaner.com
Why it matters
The debt reduction strengthens the company's financial position and lowers its leverage. This allows Wigton Energy Ltd to pursue solar projects as it continues to invest in technology and manage its long-term growth strategy.
From jamaica-gleaner.com
Who's involved
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The entities involved
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Manchester United F.C.
association football club in Manchester, England
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