Metis Energy Narrows H1 Attributable Loss; Shares Plunge 31%

MT Newswires08-17 11:52

Metis Energy (SGX:L02) narrowed its attributable loss to owners by 71% during the first half of the year to SG$2.6 million from SG$8.9 million a year earlier, according to a Friday filing with the Singapore Exchange.

Loss per share came in at SG$0.0008 compared with SG$0.0029 in the year-ago period.

Revenue surged 125% year over year to SG$5.3 million from SG$2.3 million.

Shares of the renewable energy services company plunged nearly 31% in Monday trading.

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