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Ormat Reports Higher 1Q Profit, Sales

Stock quotes in this article: ORA  

RENO, Nev. (AP) — Ormat Technologies Inc., which designs, builds and runs geothermal plants, said Monday its first-quarter profit and sales grew, boosted in large part by contracts for the construction of two large geothermal projects.

The company earned $14.6 million, or 32 cents per share in net income attributable to common shareholders, up from $10.6 million, or 24 cents per share, in the same period a year earlier.

Revenue climbed 44 percent to $99.9 million from $69.4 million. ...

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