OPG Power Ventures FY Pretax Profit GBP5.45M Vs GBP6.33M

LONDON (Dow Jones)-- OPG Power Ventures PLC (OPG.LN), a developer and operator of Group Captive power plants in India, Monday reported full year pretax profit of GBP5.45 million, compared with GBP6.33 million a year earlier. MAIN FACTS: -Group revenue for the year ended March 31 GBP12.87 Million (2009: GBP 7.31 Million) -Income from continuing operations before tax, period expenses relating to projects under construction and non-recurring items GBP6.62 Million (2009: GBP 5.75 Million). -Cash and cash equivalents at March 31 GBP14.17 million -With the increased throughput of power available from the 77MW facility and, given buoyant conditions in the power market, the current year promises increased growth and scale of operations for the Group. -Shares at 1310 down 2 pence, or 3.1%, at 63 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com (END) Dow Jones Newswires July 05, 2010 09:09 ET (13:09 GMT)