StockMarketWire.com - Energy efficiency-as-a-service company eEnergy saw annual losses widened as costs associated with its reverse takeover offset a climb in revenue and margins.

For the year ended 30 June 2020, pre-tax losses widened to £3.2m from 1.4m on-year, while revenue was up 14% to £4.5m.

Gross margin increased 510 basis points to 35.5%.

Profit was hurt by reverse takeover costs of £1.3m.

The group completed its admission to the AIM market of the London Stock Exchange on 9 January 2020 via the reverse takeover of the company, previously known as Alexander Mining.



At 8:49am: [LON:EAAS] share price was +0.25p at 6.38p



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