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Stock impact report

Kenon Holdings Reports Q1 2024 Results and Additional Updates [Yahoo! Finance]

Kenon Holdings Ltd. Ordinary Shares (KEN) 
Company Research Source: Yahoo! Finance
Q1 and Recent Highlights Kenon Kenon has obtained a favorable decision in our litigation proceedings against Shenzhen Baoneng Investment Group Co., Ltd. in the Supreme People's Court of China in relation to its claim for breach of guarantee. Kenon and its wholly-owned subsidiary IC Power Ltd. obtained a favorable decision in its arbitration proceedings against the Republic of Peru with respect to pre- and post-award interest on the award, further to the tribunal's prior award in favor of Kenon. In April 2024 , Kenon distributed a cash dividend of approximately $200 million per share). OPC In April 2024, CPV Renewable Power (in which OPC has an indirect 70% interest), which operates, constructs and develops renewable energy projects in the U.S., entered into a non-binding term sheet with a North American infrastructure private equity fund regarding a potential investment of $300 million Financial results: OPC's net profit in Q1 2024 was $4 million , as compared to $22 Show less Read more
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