29th Oct 2020 12:03
Oracle Power PLC - Cambridge-based power & natural resource project developer - For six months to June 30, posts pretax loss of GBP364,300, narrowed from a GBP482,545 loss the year prior as administrative expenses fall to GBP364,591 from GBP475,048.
Looking ahead, Chair Mark Steed says: "The board has reduced the overhead running costs by 23% to GBP110,457 compared to the equivalent period in the prior year and together with a new loan facility, feels comfortable that the company can meet its creditors as they fall due."
Cash held as at June-end was GBP688,067, up significantly from GBP37,066 at the same time in 2019.
Current stock price: 0.63 pence
Year-to-date change: down 43%
By Ife Taiwo; [email protected]
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