Information  X 
Enter a valid email address

Ceres Power Holdings losses steady as investment costs rise

By BFN News | 02:33 PM | Tuesday 20 March, 2018

Fuel cell technology developer Ceres Power Holdings said first-half losses remained broadly unchanged as rising revenue was offset by higher sales costs. Pre-tax losses amounted to £6.14m, compared to £6.21m in the previous corresponding period. 'We continue to hit our targets with five world-class partners now in place and more in the pipeline,' chief executive Phil Caldwell said. 'We are building momentum with strong revenue growth from new and existing partners. We expect this trend to continue for the full year and beyond.' 'As we approach commercialisation we are positioning the business for future growth through investment in our core technology and additional manufacturing capacity.' 'These are essential steps in scaling the business to meet the high standards required by our partners through early stage volumes while also maintaining our technology leadership position.' At 2:33pm: (LON:CWR) Ceres Power Holdings PLC share price was -0.97p at 11.63p Story provided by

a d v e r t i s e m e n t