Renewable energy player WindForce PLC announced it will be paying out a dividend of Rs. 1 per share, amounting to a total dividend payout of Rs. 1.35 billion. With this recent dividend announcement, the total dividends declared by WindForce since its IPO now exceed Rs. 3.1 billion. Shareholders will receive a 6.3 percent return on their investment based on the IPO subscription price, reaffirming WindForce’s commitment to delivering value to its investors.The announcement comes amidst impressive financial performance by WindForce in the first nine months of the fiscal year 2023/2024. The company reported consolidated revenue of Rs. 4.6 billion, marking 16 percent Year-on-Year (YoY) growth. WindForce recorded a pre-tax profit of Rs. 1.9 billion during this period.
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