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IN BRIEF: Plutus PowerGen Swings To Annual Profit; Revenue Falls Fri, 29th Jan 2021 18:32 Plutus PowerGen PLC - energy generation firm - For financial year ended April 30, revenue falls to GBP567,744 down from GBP1.3 million in 2019 and swings to pretax profit of GBP320,841 from loss of GBP1.7 million in year prior. Pretax profit figure includes a gain of GBP570,000 in connection with share-based payments due to the cancellation of the share option schemes. Company says revenue fall reflects loss of management contracts above in the period under review and group ceasing to receive management fees from its FlexGen sites and Attune Energy management contract with effect from October 2019. Administrative expenses reduced to GBP814,959 from GBP2.8 million. Does not declare dividend. ....
Final Results Plutus PowerGen plc (AIM: PPG), an AIM Rule 15 cash shell, announces its results for the year ended 30 April 2020. Copies of the Annual Report and Accounts for the year ended 30 April 2020 will shortly be posted to shareholders and will be available on the Company s website ( www.plutuspowergenplc.com ) shortly. The Company also announces that it expects to publish its half yearly report for the six months ended 30 October 2020 by 28 February 2021. The publication date utilises the permitted extension of up to one month to complete and announce half yearly reports, as per the guidance issued by AIM Regulation in the Inside AIM publication dated 9 June 2020. ....