March 10, 2011 / 11:40 PM / 7 years ago

UPDATE 1-Macquarie Power Q4 FFO dips, sees lower FFO in 2011

* Q4 FFO drops 37 pct to C$11.2 mln

* Q4 revenue up 3.5 pct (Follows alerts)

March 10 (Reuters) - Canada’s Macquarie Power and Infrastructure Corp posted a drop in fourth-quarter funds from operations (FFO), and said it expects lower FFO in 2011 on higher gas transportation tolls.

For the fourth quarter, the company reported FFO of C$11.2 million, compared with C$17.8 million a year earlier.

The company, which has investments in power infrastructure assets, including gas, wind, hydro and biomass power generating assets, said revenue rose 3.5 percent to C$44.3 million.

Shares of the Toronto-bsaed company closed at C$7.90 on Thursday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore)

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