Brief: Hyon H1 Operating Loss Widens To NOK 11.4 Mln

Knox Energy Solutions AS

07/09/2023 07:11

Sept 7 (Reuters) - Hyon AS  HYON.OL :
    * H1 TOTAL OPERATING REVENUE NOK 609,000 VERSUS NOK 3.7
MILLION
YEAR AGO
    * H1 OPERATING LOSS NOK 11.4 MILLION VERSUS LOSS NOK 8.1
MILLION
YEAR AGO
    * BOARD INITIATED A PROCESS TO STOP ALL RUNNING COST AND
CALL FOR
AN EXTRAORDINARY GENERAL MEETING WITH A PROPOSAL TO RUN A
VOLUNTARY LIQUIDATION PROCESS
    * DIVIDEND FROM VOLUNTARY LIQUIDATION PROCESS IS HARD TO
PREDICT
AS IT IS HIGHLY DEPENDENT OF THE PRICE ACHIEVED FOR A SALE OF
THE TECHNOLOGY
    * IF WE DO NOT MANAGE TO SELL THE TECHNOLOGY, DIVIDEND FROM
PROCESS WILL BE VERY LIMITED

Source text for Eikon:  ID:nWkr2p7WPp 
Further company coverage:  HYON.OL 

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