Brief: MPC Energy Solutions H1 EBITDA Loss Narrows To $1.1 Mln

MPC Energy Solutions NV

17/08/2022 08:33

Aug 17 (Reuters) - MPC Energy Solutions NV  MPCES.OL :
    * GENERATED 14.7 GWH OF ENERGY DURING FIRST HALF OF 2022,
AND
RECORDED REVENUES OF USD 1.5 MILLION
    * REPORTED AN OPERATING LOSS (EBIT) FOR FIRST SIX MONTHS OF
YEAR
OF USD 1.6 MILLION (1H 2021: ALSO NEGATIVE, USD 1.7 MILLION)
    * H1 NET LOSS OF USD 1.8 MILLION (UNCHANGED FROM H1 2021)
    * REDUCED ITS FULL-YEAR OUTLOOK TO USD 3.5 MILLION REVENUES
(DOWN
FROM USD 4.5 TO 5.0 MILLION COMPARED TO PREVIOUS OUTLOOK)
    * REDUCED ITS FULL-YEAR OUTLOOK TO USD 2.2 MILLION
PROJECT-LEVEL
EBITDA (PREVIOUS: USD 3.1 TO 3.5 MILLION)
    * OUTLOOK CHANGES ARE DUE TO ANTICIPATED DELAYS AND
POSTPONEMENT
OF COMMERCIAL OPERATION DATE FOR CO'S COMBINED-HEAT-AND-POWER
PLANT NEOL CHP IN PUERTO RICO
    * H1 EBITDA LOSS USD 1.1 MILLION VERSUS LOSS USD 1.7 MILLION
YEAR
AGO

Source text for Eikon:  ID:nWkr6HrP3G 
Further company coverage:  MPCES.OL 

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