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    1608   KYG939541085

VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED

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VPower International : Group Begins Operation of 38.8MW Power Stations in Sri Lanka

07/06/2020 | 06:49am EDT

HONG KONG, Jul 6, 2020 - (ACN Newswire) - - VPower Group International Holdings Limited ("VPower Group") a leading DPG station owner and operator in Asia announced today that it has strengthened its market presence in Sri Lanka with two power stations commencing commercial operation recently.

Located in Galle and Pallekele, respectively, of Sri Lanka, the two power stations were built on a fast-track basis with a total installed capacity of 38.8MW. They are connected to the national grid via respective regional substations.

Sri Lanka has been striving to increase its generation capacity to meet the rising electricity demand, and VPower Group is keen to provide the country with reliable distributed power solutions. Since VPower Group entered into the power market of Sri Lanka in mid-2019, it has established a project portfolio of an aggregated installed capacity reaching 100MW locally.

About VPower Group International Holdings Limited

Headquartered in Hong Kong, VPower Group is an integrated expert in distributed power generation (DPG). It principally engages in power system integration (SI) business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and Investment, Building and Operating (IBO) business, involving investing in, building and operating distributed power stations to supply reliable electricity. It is now a leading distributed power station owner and operator in Asia.

Copyright 2020 ACN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

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Financials
Sales 2021 3 117 M 401 M 401 M
Net income 2021 752 M 96,8 M 96,8 M
Net Debt 2021 2 361 M 304 M 304 M
P/E ratio 2021 8,32x
Yield 2021 2,98%
Capitalization 4 757 M 612 M 612 M
EV / Sales 2021 2,28x
EV / Sales 2022 1,82x
Nbr of Employees 628
Free-Float 22,0%
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Number of Analysts 4
Last Close Price 1,81 HKD
Average target price 3,57 HKD
Spread / Average Target 97,1%
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Managers and Directors
Chong Man Lee Co-Chief Executive Officer & Executive Director
Tai Hong Au Yeung Co-Chief Executive Officer & Executive Director
Kam Shing Chan Chief Financial Officer & Secretary
Yee Chun Lam Executive Chairman
Siu Yuen Lo Chief Operating Officer & Executive Director
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