Welcome to our dedicated page for Kenon Hldgs news (Ticker: KEN), a resource for investors and traders seeking the latest updates and insights on Kenon Hldgs stock.
Kenon Holdings Ltd. reports corporate and operating developments as a holding company whose primary business is OPC Energy Ltd., an owner, operator and developer of power generation facilities in the Israeli and U.S. power markets through OPC and CPV Group.
Recurring updates cover annual and quarterly results, OPC revenue by geography, electricity tariffs, power purchase agreements, infrastructure-service costs, natural gas and diesel expenses, energy purchases and customer consumption. Kenon also reports capital actions such as dividends, share repurchases, OPC equity offerings and private placements, as well as legacy ZIM share and derivative transactions and material agreements involving OPC power assets and development projects.
Kenon Holdings Ltd. (NYSE: KEN) reported a net profit of $278 million for Q2 2020, a significant recovery from a $7 million loss in Q2 2019. The company plans a cash dividend of approximately $120 million ($2.23 per share), pending shareholder approval. OPC Energy's revenue fell to $76 million, down from $85 million a year earlier, while its net loss grew to $5 million. Meanwhile, ZIM Integrated Shipping posted a net profit of $25 million, up from $5 million in Q2 2019, despite a 5% decrease in revenue. Kenon's cash balance stands at $251 million.