Atlantica Yield Plc (ABY) has reported a 27.62 percent rise in profit for the quarter ended Sep. 30, 2016. The company has earned $33.01 million, or $0.33 a share in the quarter, compared with $25.87 million, or $0.26 a share for the same period last year.
Revenue during the quarter grew 9.36 percent to $312.49 million from $285.74 million in the previous year period. Gross margin for the quarter expanded 75 basis points over the previous year period to 97.80 percent. Operating margin for the quarter stood at negative 51.85 percent as compared to a negative 48.39 percent for the previous year period.
Operating loss for the quarter was $162.03 million, compared with an operating loss of $138.29 million in the previous year period.
Operating cash flow improves significantly
Atlantica Yield has generated cash of $302.19 million from operating activities during the nine month period, up 27.35 percent or $64.90 million, when compared with the last year period.
The company has spent $54.68 million cash to meet investing activities during the nine month period as against cash outgo of $849.08 million in the last year period.
The company has spent $101.76 million cash to carry out financing activities during the nine month period as against cash inflow of $928.44 million in the last year period.
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