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LONDON (Alliance News) - CAP-XX Ltd on Wednesday said its interim loss remained flat on the prior year as administrative costs offset an increase in revenue.
CAP-XX shares were trading down 7.7% at 6.97 pence each.
For the six months to the end of 2018, the manufacturer of energy management systems posted a pretax loss of AUD1.6 million, or GBP860,900, flat on the AUD1.6 million reported a year ago.
Revenue meanwhile rose to AUD1.6 million from AUD1.5 million. However, higher administrative costs of AUD1.1 million, up from AUD924,762, offset the revenue gain.
CAP-XX added on an operational basis, the sales pipeline for prismatic and cylindrical can supercapacitors are at "historically high levels".
"The company is reviewing options for additional production capacity. In the short term, due to worldwide economic uncertainties, the timing of when certain significant pipeline projects may move to the mass production stage remains unclear," CAP-XX said.
