Boralex Announces its 2009 Results

MONTREAL, Feb. 25 /PRNewswire-FirstCall/ - Boralex Inc. ("Boralex" or the "Corporation") ended fiscal 2009 with a solid performance despite a difficult economic context.

(in millions of dollars, except per share data) ------------------------------------------------------------------------- Three-month Twelve-month periods ended periods ended ---------------------------------------------------- December 31, December 31, December 31, December 31, 2009 2008 2009 2008 ---------------------------------------------------- Revenues from energy sales 46.1 54.3 184.8 197.2 EBITDA 12.0 15.6 57.3 68.8 Net earnings 14.7 4.4 24.4 20.4 per share (basic and diluted) $0.39 $0.12 $0.65 $0.54 Cash flows from operations 11.3 11.1 47.4 55.2 -------------------------------------------------------------------------

Boralex ended fiscal 2009 with total revenues from energy sales of $184.8 million, down 6.3% compared to $197.2 million in 2008. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $57.3 million versus $68.8 million a year........... read more>>

Boralex Announces its 2009 Results