Rochester, NY 8/12/2009 9:01:52 AM
After Hours - Ormat Technologies Inc., ORA - Ormat Technologies, Inc. Release Second Quarter Financial Results
Ormat Technologies Inc.
Ormat Technologies, Inc. recently announced second quarter 2009 financial results. Reports showed that second quarter net income rise by 32.3% to $16.0 million, and the company’s revenue also increased 24.9% to $100.2 million.
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"During the quarter, we continued to make selective investments in land acquisition, which is fundamental to building a sustainable growth company with profitable results. Our strategy is to continue to invest in high potential land. Our growth initiatives continue moving forward, with new exploration occurring at several sites within the United States." Dita Bronicki, Chief Executive Officer of Ormat, said.
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