Ceres Power Holdings Plc releases half-yearly results

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Ceres Power Holdings Plc releases half-yearly results

  • For 1HFY20, revenue and other income were up 33.6% to £11.0 million
  • Gross margin came in strong at 67%
  • New licence and a joint development agreement have been signed with Doosan which is worth £8.0 million over two years
  • There was further equity investment of £49 million, after the end of the above period, from Bosch and Weichai.
  • On 16th March 2020, at the time of writing, GMT 09:16 AM, CWR shares were trading at GBX 298, down by 43 points or 12.61% against the previous day closing price.

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