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Chariot Ltd - Africa-focused transitional energy company - Posts pretax loss of $14.9 million for 2022, widened from $7.0 million in 2021. Total operating expenses rise to $8.5 million from $4.5 million a year earlier, as share based payments increase to $4.2 million from $760,000.
Chief Executive Officer Adonis Pouroulis says: ‘As the importance of a successful energy transition builds across the world, Chariot continues to develop a business that spans key elements of the spectrum - natural gas, renewables and green hydrogen - each of which is likely to be a critical energy source of the future. Over the past year we have delivered on a number of the core objectives we set for ourselves across our three pillars, bringing new, exciting and value accretive opportunities into the business.
Current stock price: 15.18 pence each, up 0.5% on Wednesday morning in London
12-month change: down 21%
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