‘Lower gain on divestments’ than comparable period reason given for fall

Impairment from ownership in TGC-1 and other renewables JVs will be recorded in the share of profits

NAV rose due to upward revision in short- and medium-term power price forecasts

Strong showing in the business segment cannot offset lower impacts from power generation and heat units

Seasonality of electricity supply activities offset rise in EBITDA from clean energy production

Aquila-advised fund reports NAV of €417.4m in end of year results