Revenue was $33.79 million and EBITDA was  $12,88 million, which represent a 118% and 135% increase over the previous period, respectively.

 

The remote power specialist says it outperformed its financial forecasts and its power generation capacity has risen from 88 megawatts to 183MW, with that estimated to rise to 380MW in the coming year. 

 

It is moving into the second half of the financial year with "a robust pipeline of near-term remote power generation opportunities," Zenith said. 

 

It supplies 17MW to Dacian Gold's Mount Morgan gold project on an eight year contract with the option for Dacian to extend for a further three years. 

 

In December it agreed to supply a 62MW power station to Newmont Mining's Tanami gold mine in the Northern Territory.

 

The deal was  executed in February and includes an initial 10-year term with the option for Newmont to extend for another decade. 

 

The company continues to work on projects like the hybrid diesel/ solar plant at the Nova copper-nickel operation in the Fraser Range. 

 

Managing director Hamish Moffat said his company's growth strategy was driven by the ongoing expansion of contracted power generation in Australia, and additional markets   in Southeast Asia. 

 

"We are pleased with our performance since listing on the ASX nine months ago." 

 

Zenith was up this morning trading at 80c.