TransAlta Renewables Reports Second Quarter 2015 Results

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CALGARY, ALBERTA–(Marketwired – July 31, 2015) – TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX:RNW) today reported second quarter comparable EBITDA(1) of $51.7 million and FFO(1) of $43.4 million. Comparable EBITDA and FFO both increased $16.5 million in the quarter compared to the same period last year, primarily due to the contribution from the Company’s investment in TransAlta’s Australian assets which closed on May 7th, 2015. Comparable net earnings for the second quarter were $22.2 million ($0.14 per share), an increase of $16.3 million compared to $5.9 million ($0.05 per share) …read more

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