LONDON (Alliance News) - Greka Engineering & Technology Ltd said Tuesday that it had added 30 customers during 2013, increasing its total by 39% to 107, in its first operations update following its de-merger from Green Dragon Gas Ltd.
The company was formally part of Green Dragon Gas's operations, but it de-merged from the company and was admitted to AIM in September 2013. It is an engineering and technology business with pipeline, gas compression and power generation assets in China.
Greka said its gas compression business processed 15.1 million cubic meters of gas in the second half, while its power generation arm generated 7.4 million kilowatt hours of electricity. It said it sold 5.2 million kilowatt hours.
It said its infrastructure arm constructed 0.40 kilometre of pipeline during the half year and 0.75 kilometre of sub-pipeline.
Shares in Greka last traded down 20% at 3.28 pence Tuesday.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @hanassallnews
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