Hannon Armstrong Sustainable Infrastructure Capital (HASI) has reported 57.10 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $3.33 million, or $0.07 a share in the quarter, compared with $2.12 million, or $0.06 a share for the same period last year. Revenue during the quarter grew 26.36 percent to $19.01 million from $15.04 million in the previous year period.
Total expenses were $6.32 million for the quarter, up 0.93 percent or $0.06 million from year-ago period. Operating margin for the quarter contracted 915 basis points over the previous year period to 133.23 percent.
Operating income for the quarter was $25.32 million, compared with $21.42 million in the previous year period.
"Our diversified origination channels across multiple end markets continue to demonstrate the strength in our strategy, as we completed approximately $242 million of originations in the quarter, putting us approximately 20% ahead of last year at this time on a year to date basis," said chairman, president and chief executive officer, Jeffrey Eckel. "Yields and spreads remain fairly constant, notwithstanding the uptick in short-term rates."
Investments stood at $185.11 million as on Sep. 30, 2016, up 556.73 percent or $156.92 million from year-ago.
Total assets grew 28.87 percent or $348.60 million to $1,556.16 million on Sep. 30, 2016. On the other hand, total liabilities were at $1,059.03 million as on Sep. 30, 2016, up 22.26 percent or $192.85 million from year-ago.
Return on assets for the quarter stood at negative 0.47 percent as compared to a negative 0.38 percent for the previous year period. At the same time, return on equity moved up 5 basis points to 0.67 percent in the quarter.
Debt moves upTotal debt was at $966.69 million as on Sep. 30, 2016, up 13.78 percent or $117.09 million from year-ago. Shareholders equity stood at $497.13 million as on Sep. 30, 2016, up 45.62 percent or $155.75 million from year-ago. As a result, debt to equity ratio went down 54 basis points to 1.94 percent in the quarter.
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