Indian wind and hydro energy group Greenko said that profits increased by over a half after a big increase in its generating capacity during the year.
Reported operating profits increased by 65.9% to €40.9m in the year ended March 31st, while earnings per share rose 53% to 4.50 cents.
Reported revenues grew 38.2% to €53m as operational capacity surged by 170.9% from 244 megawatt (MW) last March to 661MW as of June this year. This included a further 50MW of winds assets commissioned on Thursday.
Chief Executive Anil Chalamalasetty said the company is confident of having well over 680MW generating by the 2014 monsoon season.
However, despite the substantial growth registered on last year, financials were held back by a 18.7% depreciation in the rupee against the euro. On a constant currency basis, power revenues would have been 59.5% higher.
"In an environment of ever increasing demand for power in India, the attraction of developing, owning and operating a diversified portfolio of hydro and wind generating assets puts Greenko in a strong position for profitable and sustained growth," said Chairman Keith Henry.
Shares in Palace Capital jumped on Thursday after the AIM-listed commercial real estate company reported a return to the black following what it described as a "transformational" period.
The firm, which changed its year-end to March 31st, posted a profit of £21.23m for the 14-month period compared to a loss £0.16m for the previous 12 months.
Turnover from continuing operations jumped from £0.2m to £2.1m, with the acquisition of the Sequel Portfolio adding a further £3.0m. The cost of sales climbed from £0.5m to £0.6m.
Net asset value per share rose from £2.31 to £3.56, which the company is confident will continue to grow.
Chairman Stanley Davis said: "Palace Capital has been completely transformed [...] Not only have the investment markets continued to improve since March 2014, but many local economies outside London are strengthening, which is encouraging occupiers to spend money on their premises.
"This is leading to competition for the best space. This calendar year we have completed a number of transactions that will have added further value to the properties in the portfolio."
Losses widened at AIM-listed Motive Television in 2013 as it looks to move "from the development to the growth stage" in the current year.
Turnover increased 7.3% to £1.17m in the year, with operating losses reduced 14.3% to £1.86m, although pre-tax losses more than doubled from £1.33m to £3.05m, hit by exceptional financial costs and increased net financial costs. Losses per share declined to 0.02p from 0.03p.
The group is focused on its Digital Business, which aims to digitise television content for broadcasters, which increased revenue by 44% to £0.8m and reduced its losses by 26% to £0.9m.
Executive Chairman Michael Pilsworth said: "During the year under review Motive rapidly developed its digital business and expects to move from the development to the growth stage during 2014. This will occur as products and services the company has developed move into commercial use."
During the 12-month period, the company made "substantial" progress with both legacy clients, such as Mediaset and Digiturk, and post-acquisition customers, such as CME, Siyaya, and Granite Broadcasting. It also improved its capital structure and reduced its debt level.
Cash at the year-end totalled £0.25m, up from £0.15m a year earlier.