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Wigton Windfarm suffers decline in profit

Wigton Windfarm suffered a 53 per cent drop in profit for the April to June quarter.

The company's profit was $136 million compared to $300.7 million  a year ago.

Wigton says the decline was due to lower wind energy production.

The company linked this to a lower wind regime from changes in the weather pattern.

A decline in equipment availability due to major maintenance on five turbines in the quarter also resulted in reduced earnings. 

Wigton's April to June revenue amounted to $669.6 million  a $150 million  decline over last year.



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