Chariot Ltd - Devon, England-based transitional energy firm focused on Africa - Narrows annual loss in 2021 on falling operating expenses. Annual pretax loss reduces to USD7.0 million from USD70.6 million in 2020. Operating expenses fall to USD6.4 million from USD71.1 million. Regarding its future, firm is focused on its strategic partnering in Morocco to "accelerate growth from a portfolio of high value, low risk upsides". "Green hydrogen is predicted to play a vital role in the global energy transition," it says.
Current stock price: 18.50 pence, down 3.7% on Wednesday
12-month change: up from 5.34p
By Tom Budszus; tombudszus@alliancenews.com
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Chariot Ltd (CHAR)