Kenon Holdings (KEN) Swings to Q1 Loss; Provides Business Update
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Kenon Holdings Reports First Quarter 2016 Results and Additional Updates
June 8, 2016 6:56 AM EDTSINGAPORE, June 8, 2016 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE: KEN, TASE: KEN) announces its results for the first quarter of 2016, as well as additional updates.
Key Highlights
IC Power
In the first quarter of 2016, IC Power's net income was $22 million (net income attributable to Kenon: $14 million) and its Adjusted EBITDA was $100 million. From the date of acquisition of IC Power's distribution business (January 22, 2016) through March 31, 2016, IC Power's distribution business generated revenues of $101 million, net income of $3 million and Adjusted EBITDA of $16... More