IN BRIEF: Oracle Power Interim Loss Narrows On Lower Expenses

Oracle Power PLC - Cambridge-based power & natural resource project developer - For six months to ...

Alliance News 29 October, 2020 | 12:03PM
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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; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Oracle Power PLC 0.58 GBX 0.88 -

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