AFC Energy annual losses widen on increased investment spend | 1 March 2021
1 March 2021 | 09:11am StockMarketWire.com - Hydrogen power company AFC Energy reported wider annual losses as the company ramped up investments across its product range. For the year ended 31 October 2020, pre-tax losses widened to £4.8 million from £3.6 million, the cash balance jumped to £31.6 million from £1.6 million. Looking ahead, the company said its planned deployment of first integrated electric vehicle charger system alongside ABB was expected in second half of 2021. 'A growing order book, new strategic partnerships, a stronger cash position at year-end and a strong global p...
Source: stockmarketwire.com