Hydrodec has released full year 2018 results following the pre-close trading update at the end of March. Revenue increased to $14.9m at the Canton facility in the US with an overall Group Adjusted EBITDA loss of $1.2m, driven by costs of business reorganisation. The results commentary reinforces Hydrodec’s key strategic objective to deliver substantial increases in feedstock levels available to the Canton facility to support the US focused utility strategy. The recent management changes and newl ....
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Hydrodec - FY18 Results - Encouraging Progress
- Published:
28 May 2019 -
Author:
Andrew Simms -
Pages:
7
Hydrodec has released full year 2018 results following the pre-close trading update at the end of March. Revenue increased to $14.9m at the Canton facility in the US with an overall Group Adjusted EBITDA loss of $1.2m, driven by costs of business reorganisation. The results commentary reinforces Hydrodec’s key strategic objective to deliver substantial increases in feedstock levels available to the Canton facility to support the US focused utility strategy. The recent management changes and newl ....