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POW - H1 results broadly in line despite unexpected gas issues - Earnings Flash

POW released official H1 results in which revenue grew by 15.0% YoY, achieving 53.6% of our 2018 forecast. Meanwhile, reported and recurring NPAT grew by 26.7% YoY and 14.4% YoY, reaching 47.0% and 43.1% of our 2018 forecasts, respectively.