Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three and Six Months Ended June 30, 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 30 2024
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Source: Newsfilter
Financial Performance of Dorad Energy: Ellomay Capital Ltd. reported that Dorad Energy Ltd. generated approximately NIS 659 million in revenues and an operating profit of about NIS 87.5 million for the quarter ending June 30, 2024, with results affected by seasonal electricity demand and ongoing security concerns in Israel.
Ellomay's Stake in Dorad: Ellomay holds a 9.4% indirect stake in Dorad through its ownership in Ellomay Luzon Energy, which is involved in renewable energy projects across Europe, Israel, and the USA, emphasizing its commitment to the renewable energy sector.
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Analyst Views on ELLO
About ELLO
Ellomay Capital Ltd is an Israel-based principally active in filed of production of renewable and clean energy. The Company owns photovoltaic (PV) plants that are operating and connected to their respective national grid in Spain is Israel. In Addition Company's holds shares in Dorad Energy Ltd which operated power plant in the vicinity of Ashkelon; Groen Gas Goor BV and of Groen Gas Oude-Tonge BV, project companies developing anaerobic digestion plants with a green gas production in the Netherlands; Talasol Solar SL, which is involved in a project to construct a photovoltaic plant in Spain; Chashgal Elyon Ltd, Agira Sheuva Electra, LP and Ellomay Pumped Storage (2014) Ltd, all of which are involved in a project to construct a pumped storage hydro power plant in the Manara Cliff in Israel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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