LONDON (Alliance News) - Proton Power Systems PLC saw its shares fall Tuesday after it said that revenue in 2014 was higher than the year before, though still leaving it with a significant loss.
In a short trading update, the fuel-cells developer said revenue in 2014 came in at EUR1.7 million, higher than the EUR1.1 million in revenue it reported for 2013, while operating costs are not expected to exceed EUR7.5 million.
"The management is working on several projects in Europe and Asia and sees great opportunities to continue to grow the business in 2015," the company said in its statement.
Proton Power Systems shares were trading 8.5% lower Tuesday morning at 3.78 pence.
The company said it will announce its full-year results at the end of May.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
Copyright 2015 Alliance News Limited. All Rights Reserved.
Proton Mtr Pwr (PPS)