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IN BRIEF: Powerhouse Energy significantly narrows loss in 2021

Wed, 29th Jun 2022 12:11

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Posts sharply narrowed pretax loss in 2021 to GBP2 million from GBP16 million the previous year. In 2020 the company registered an impairment of goodwill of GBP14.2 million. Revenue seven times higher to GBP701,435 from GBP100,000 a year prior. Company says this increase was primarily due to engineering support works provided to the Protos SPV.

Current stock price: 1.75 pence, down 0.1% in London on Wednesday

12-month change: down 61%

By Heather Rydings; heatherrydings@alliancenews.com

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