Mytrah Energy soars as revenue jumps

Shares of India-based power producer Mytrah Energy shot through the roof after it posted a half year pre-tax profit compared to a loss the year before and said it expects to pay a maiden dividend in 2014.

Shares of India-based power producer Mytrah Energy shot through the roof after it posted a half year pre-tax profit compared to a loss the year before and said it expects to pay a maiden dividend in 2014.

The group posted a pre-tax profit of $11.7m in the six months ended September 30th 2012 compared to a loss of $420,166 a year earlier. Revenue in the period soared to $26.5m from $2.27m before.

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