UK's Invinity Energy sees higher HY income, shares rise

Invinity Energy Systems

19/07/2023 09:07

** Shares of Invinity Energy Systems  IES.L  up 5.2% at 50.50
pence
    ** Co says expects to recognise total income of no less than
13 mln pounds ($16.8 mln) for H1 2023 vs 1.4 mln pounds a year
ago
    ** IES says it has performed strongly YTD and continues to
trade in line with its expectations
    ** Adds that co's pipeline of sales opportunities remain
strong and continues to grow
    ** "Significant period-on-period revenue growth demonstrates
very important progress along our pathway to profitability" -
CEO Larry Zulch
    ** Including session's gains, stock up ~20% YTD

($1 = 0.7723 pounds)

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((Richardrohan.francis@thomsonreuters.com))