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ADM Energy PLC - London-based natural resource investor - Reports lower loss in 2021 as revenue doubles. Pretax loss narrows to £2.5 million from £6.9 million in 2020. Revenue jumps to £1.8 million from £799,000 in 2020. Firm does not proposes a dividend, unchanged from 2020. Cites Aje Field in Nigeria as good investment: ‘2021 was a good year of progress for ADM Energy. It was our first full year since almost doubling our interest in the Aje Field which helped achieve a significant increase in revenues over the previous year,’ it explains.
The company ‘remains open to potential renewable energy investments, primarily in Europe, if there is an opportunity to bring additional value to shareholders.’
Current stock price: 0.75 pence, unchanged on Thursday
12-month change: down 79%
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