Kibo Energy Plc, the renewable energy-focused development Company, has reported FY December 2021 results. The consolidated loss after tax £23.1m (2020: £6.4m loss) was primarily due to a non-cash £20.7m impairment of the Group’s legacy coal assets and £0.7m exploration/development expenditure for the Sustineri waste-to-energy Project in South Africa and Katoro Gold’s Blyvoor JV. During the year, the Group reported a revenue of £3,245 (2020: nil) and reduced administrative costs from £3.4m to £2. ....
28 Jun 2022
Hybridan Research: Kibo Energy plc: 28/06/22: Impairment of legacy assets clears the way to drive returns from expanding sustainable energy portfolio
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Hybridan Research: Kibo Energy plc: 28/06/22: Impairment of legacy assets clears the way to drive returns from expanding sustainable energy portfolio
Kibo Energy Plc (KIBO:LON) | 0.0 0 0.0% | Mkt Cap: 1.64m
- Published:
28 Jun 2022 -
Author:
Derren Nathan -
Pages:
8
Kibo Energy Plc, the renewable energy-focused development Company, has reported FY December 2021 results. The consolidated loss after tax £23.1m (2020: £6.4m loss) was primarily due to a non-cash £20.7m impairment of the Group’s legacy coal assets and £0.7m exploration/development expenditure for the Sustineri waste-to-energy Project in South Africa and Katoro Gold’s Blyvoor JV. During the year, the Group reported a revenue of £3,245 (2020: nil) and reduced administrative costs from £3.4m to £2. ....