Business
Half-year Interim Report
Half-year Interim Report.
About this update from Aura Renewable Acquisitions Plc
[{"type":"text","content":"\n\n \n \n\nAura Renewable Acquisitions plc\n(\"Aura\" or \"Company\")\n \nInterim Results for the six months ended 30 June 2023\n \n \n5 September 2023 - Aura Renewable Acquisitions plc, a UK-incorporated company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announces its interim results for the six months ended 30 June 2023.\n \nHighlights\n \n· Targeting acquisitions operating in the Global Renewable Energy Sector Supply Chain.\n· An engaged board with a combination of strong sector and capital markets experience and expertise.\n \n· Low cost base and minimal cash burn.\n \n· Good visibility towards potential targets via an extensive contact base of potential introducers and opportunities.\n \n· Strong connections to potential sources of acquisition funding.\n \n· Best practice ESG policies will be introduced to support and encourage sustainability across our business.\n \nJohn Croft, the Chairman of Aura, commented:\n \n\"Aura was established to acquire and then act as the holding company for targeted businesses operating in the global renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors.\n \n\"The board has continued to investigate a number of potential acquisition and investment opportunities during the year-to-date, in the UK and overseas, which could offer the scale and scalability required to achieve significant growth in this crucially important market sector. We also continue to engage regularly with the board's extensive financial networks to maintain the Company's profile and promote its expansion strategy with the board's extensive introducer base.\n\"Economic and political uncertainty caused by persistent inflation, high interest rate rises and continuing hostilities in Eastern Europe have continued to depress capital market activity and new issues during 2023, although M&A is more buoyant across markets. The growing awareness of what is now seen as the clear, present and irrefutable danger of global warming on pop...