Enertime released its accounts for the first half of 2016. The turnover increased five-fold compared to the same period in 2015, reaching € 1.6 million. The revenue growth was driven by two contracts in China for steel mills - a 3.2 MW ORC for Baosteel in Shanghai and a 1 MW turbine for Baotou Steel in Baotou. The company recorded operating income for the first quarter of -1.5 million euros, compared to -432 thousand euros a year earlier, reflecting the investment and structuring phase of the company, which is essential for achieving its development ambitions. The press release and financial report are available at www.enertime-bourse.com.
23 November 2016