IN BRIEF: Powerhouse Energy significantly narrows loss in 2021

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Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Posts sharply narrowed pretax loss in 2021 to £2 million from £16 million the previous year. In 2020 the company registered an impairment of goodwill of £14.2 million. Revenue seven times higher to £701,435 from £100,000 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%

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