Business
Half Yearly Report
Half Yearly Report.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \nRNS Number : 4348S Camco Clean Energy PLC 24 September 2014 \n\n24 September 2014\nCamco Clean Energy plc\n(\"Camco Clean Energy\" or the \"Company\")\nInterim Results 2014\nCamco Clean Energy plc (AIM: CCE), the clean energy and energy storage company,today announces its results for the six months to 30 June 2014. \nHighlights:\n· Signing of manufacturing agreement with Jabil Circuit Inc. (\"Jabil\") and REDT Clean Energy Storage (\"REDT\")\no On track to deliver first customer units in Q1 2015 \n· Africa Clean Energy business jointly appointed as investment advisor to the prestigious Green Africa Power LLP (\"GAP\") fund\n· Two operating US biogas assets continue to perform well\n· Portfolio of US carbon credits delivering in 2014 as anticipated with further additional deliveries expected before the end of the year providing a useful contribution to cash flow\n· Significantly reduced net loss of €1.0m (H1 2013: net loss €2.7m), result comfortably ahead of management expectations\n· Cash and cash equivalents of €3.0m (FY 2013: €4.5m) not including the proceeds of €1.9m received in July 2014 from the placing and open offer \n· Revenue earned in the period of €4.8m (H1 2013: €5.0m) and gross profit of €2.5m (HY 2013: €2.5m) reflecting an increase from US activities including the Twin Falls Facility acquired at the end of 2013 and the start of the refocusing of the Africa activities towards higher margin activity \nScott McGregor, CEO of Camco Clean Energy, said: \n\"This has been a period of considerable transformation for Camco. Our commercial developments in 2014 have so far exceeded the upper end of our expectations and our three business units have very exciting prospects. We look forward to the future with a high degree of confidence and are very excited about the opportunities in the pipeline. We will continue to focus on a tight control of costs so that the growth we anticipate from our core businesses flows through to results for the benefit of all shareholders.\"\n \nEnquiries:\n \n\n\n\n\nCamco Clean Energy\n\n\n+44 (0)20 7121 6100\n\n\n\n\nScott McGregor, Chief Executive Officer\n\...