IN BRIEF: AFC Energy revenue falls; loss widens

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

AFC Energy PLC - Surrey, England-based provider of hydrogen power generation technologies - Revenue from customer contracts falls to £227,000 in the year ended October 31, from £582,000 a year earlier. Pretax loss widens to £19.6 million from £19.5 million. Says 2024 is focussed on delivery. Chief Executive Adam Bond says: ‘We are well placed to build on the foundations set in 2023 and look forward to the successful deliveries of our new H-Power Generators into the hands of customers throughout the remainder of the 2024 calendar year.’

Current stock price: 18.80 pence, closed down 3.1% in London on Tuesday

12-month change: down 6.9%

Copyright 2024 Alliance News Ltd. All Rights Reserved.