Infigen losses blow out

Infigen Energy hopes its performance will improve this year.

Infigen Energy Ltd expects an improvement in investment conditions after the federal election and a boost in US production to boost its performance in the coming year, after widening its full-year loss in fiscal 2013.

In the year to June 30, Infigen's net loss was $79.97 million, 43 per cent wider than the $55.87 million loss recorded in the previous year.

The result included a non-cash impairment of $58.4 million related to its US Cash Generating Unit.

In the same period revenue was $302.64 million, a 6.8 per cent increase on the $283.47 million in fiscal 2012. 

Infigen declined to pay a dividend.

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