AFC Energy 1H Pretax Loss GBP1.38M Vs Loss GBP1.18M

7th Jul 2010 08:00

LONDON (Dow Jones)--AFC Energy PLC (AFC.LN), a developer of low-cost alkaline fuel cells, Wednesday reported a first half pretax loss of GBP1.38 million, compared with a loss of GBP1.18 million a year earlier. MAIN FACTS: -Loss per share for the half year ended April 30 0.92 pence (2009: loss 0.8 pence) -Receipt of first commercial revenue; GBP50,000 installment of GBP200,000 from Linc Energy -Net cash outflow from operating and investing activities GBP1.37 million (2009: GBP1.06 million) -Cash balance at April 30 GBP2.68 million (2009: GBP2.55 Million) -No dividend for the period. -Shares closed Tuesday at 20.75 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [email protected] (END) Dow Jones Newswires July 07, 2010 03:00 ET (07:00 GMT)