Renewable Energy Holdings PLC Wednesday said it significantly
narrowed its losses in 2013, after it was hit by hefty write-down costs
the prior year.
The
company reported a pretax loss of GBP1.4 million for 2013, compared
with a loss of GBP6.6 million in 2012, which included a write down and
losses in respect of Carnegie Wave Energy Ltd of GBP4.8 million. It said it also managed to narrow its losses on the back of lower administrative expenses during the year The group is yet to generate any revenues.
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