StockMarketWire.com - Alternative fuels developer Quadrise Fuels International booked a full-year loss, as it continue to explore the use of its technology at various refinery projects.

Pre-tax losses for the year through June amounted to £3.2m, compared to losses of £3.6m on-year.

'2019 has been a hugely important year for Quadrise in which we have made significant progress in implementing our strategy of accessing a broader range of project opportunities,' executive chairman Mike Kirk said.

'Through this approach, we are now developing momentum in a number of markets in which we are seeking to progress these opportunities to commercial-scale trials and ultimately supply contracts.'

'With the recently confirmed funding in place, we now have the financial capacity to progress these through the remainder of 2019 and into 2020.'




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