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AFC Energy PLC - Surrey, England-based provider of hydrogen power generation technologies - Reports pretax loss of £19.5 million in the year to October 31, 2022, widened from £10.4 million a year prior. Says revenue from customer contracts totalled £582,000 down slightly from £592,000 a year before while basic loss per share in the period was 2.24 pence compared to 1.33p. Adds revenue and deferred revenue multiplies to £2.2 million from £600,000. Expects growing revenue from system rentals and hydrogen sales with an already contracted pipeline of deployments and growing pipeline of prospective H-Power Tower rentals. Highlights growing interest in new H-Power S Series Generator deployments from new and existing companies. Says near-term focus remains on construction sector, initially through system rentals before transitioning to sales to plant hire businesses. Current stock price: 20.60 pence 12-month change: down 41% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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