React Energy (REAC)

 

React Energy H1 pretax profit flat at 1.0m euros

React Energy posted an H1 pretax profit of 1.01m euros, from 1.04m euros. Revenue was 0.14m euros, from 1.76m euros.

"Significant progress made in bringing the 12MW Enfield Biomass CHP project towards financial close and commencement of construction anticipated during second half of 2014," the company said.

The company added that the acquisition of GGES earlier this month had positioned React as the leader in Biomass Electricity and Heat generation in the UK in the mid market 100kW-20MW generation range.

At 8:27am: (LON:REAC) React Energy Plc Ord Eur0.1 share price was -0.25p at 22.5p