Calisen narrows annual losses on higher revenue, lower costs | 2 March 2021
2 March 2021 | 09:04am StockMarketWire.com - Energy company Calisen reported narrower annual losses as higher revenue and lower costs boosted performance. For the year ended 31 December 2020, pre-tax losses narrowed by 79.1% to £17.2 million year-on-year as revenue increased 18.8% to £248.1 million. The company hailed the turnaround of Lowri Beck, after incurring costs of just £1.7 million, well below the restructuring reserve that was set at £3.5 million. 'We were able to retain a larger workforce than predicted at the time we made the provision and the cost per role lost was lower...
Source: stockmarketwire.com