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Ncondezi Energy Ltd - Mozambique-based power development company - Narrows its pretax loss in 2021 to $1.8 million from $2.8 million the previous year. Assets at December 31 stand at $19.6 million, down from £20.3 million at the same time the previous year. Says year was focused on positioning the Ncondezi project within an ‘increasingly challenging market’ for coal and coal power generation. Company adds it is funded into August, with the potential to extend this to the first quarter of 2023, depending on the outcome of its Seritza restructuring.
Current stock price: 0.70 pence, down 9.7% in London on Monday
12-month change: down 76%
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