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Sound Energy PLC - Morocco-focused upstream gas company - Posts annual results for 2022. Records no revenue, like in 2021. Pretax profit grows to £6.6 million from £2.5 million in 2021. This is mostly due to a foreign exchange gain of £5.5 million. In 2021, foreign exchange gain was £2.2 million. ‘2022 was a year of real tangible progress for Sound Energy, with the micro-[liquefied natural gas] development at Tendrara contracted to deliver maiden revenue in early 2024,’ says Executive Chair Graham Lyon. Current stock price: 1.94 pence each, up 9.4% on Thursday afternoon in London 12-month change: down 21% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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