Energy specialist’s losses widen to £17m

REVENUE for energy saving company Flowgroup has grown 21% from to £40.4m (2014 £33.4m) in the financial year to December 31.

However, investment in staff and infrastructure means the Chester-based firm’s losses increased from £10m to £17.1m.

In its preliminary results report, AIM-listed Flowgroup highlighted the signing of a wholesale energy agreement with Shell for the provision of gas and electricity.

Additionally, a successful fundraise was completed raising £21.3m including an investm... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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