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CEPA makes $237m in first year

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CONSOLIDATED Electric Power Asia (CEPA) yesterday reported a consolidated attributable profit of $237.94 million for the year ended June 30, its first set of results since its listing in December last year.

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On a pro forma basis, attributable profit was up 148.2 per cent to $319.1 million.

Consolidated earnings per share were 44.6 cents. Pro forma fully diluted earnings per share were 41.6 cents.

Directors recommended a final dividend of nine cents per fully-paid share and 4.5 cents per partly-paid share.

Turnover was 783.92 million, with pro forma turnover rising 504.8 per cent to $931.92 million.

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Operating profit stood at $240.94 million, with pro forma operating profit growing 367 per cent to $309.45 million.

There was an exceptional loss of 9.12 million due to reorganisation and listing expenses incurred during the year.

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