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| Rurelec PLC | GM re Argentinian interest sale to Verafont, Basic Energy, & Esteban Reynal |
| Tanfield Group PLC | AGM |
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7 Jun 2022 15:30
IN BRIEF: Rurelec narrows loss; still "dominated" by loan write-downs
Rurelec PLC - London-based power producer with operations in Latin America - Pretax loss in 2021 narrows to GBP3.6 million from GBP5.3 million the previous year. Total assets at the end of December fall to GBP12.2 million from GBP15.4 million at the same time a year prior. The company says, unless there is a "significant" disposal of assets, it will be in the long-term dependent upon debt repayments from Argentina via Patagonia Energy Ltd.
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