Improvement in losses for Renergen
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JOHANNESBURG - Intergrated renewable energy group Renergen’s share price yesterday remained unmoved despite an improvement in losses per share for the year ended August.
In a statement to shareholders, Renergen said the loss was expected to be between 19.85cents and 22.39c, reflecting an increase in the loss of between 56percent and 76percent, compared to the loss of 12.73c for the period ended August 31, 2016.
The junior energy company has the stated objective to build a diversified portfolio of investments focused on the alternative and renewable energy sector. It targets investment opportunities from early stage to revenue production. Renergen shares were unchanged at R10.75 a share on the JSE yesterday.
- BUSINESSS REPORT