Valener and Gaz Métro report their fiscal 2016 third quarter results

August 11, 2016 - Financial releases

Montreal, August 11, 2016 – Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Gaz Métro Limited Partnership (“Gaz Métro”), today reported adjusted net income attributable to common shareholders of $1.7 million for the third quarter of fiscal 2016, up $0.9 million from the same quarter of fiscal 2015. This increase was driven by a notable rise in Gaz Métro’s adjusted net income tempered in part by more moderate winds at the Seigneurie de Beaupré wind farms. Adjusted net income per common share stood at $0.04 in the third quarter of fiscal 2016 compared to $0.02 in the third quarter of fiscal 2015. For the first nine months of fiscal 2016, Valener generated adjusted net income attributable to common shareholders of $50.6 million ($1.31 per common share) compared to $48.9 million ($1.28 per common share) for the same period of last year.

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