Powerhouse Energy Group Plc To Recognise Revenue In The Forthcoming Accounting Period

  • Sep 27, 2019 BST
  • Team Kalkine
  • Powerhouse Energy Group Plc (PHE) has announced the interim results for the six months ended 30 June 2019.
  • The company is expecting revenue to be recognised in the forthcoming accounting period as it started its first paid engineering consultancy work.
  • The company managed to reduce the expenditure in R&D significantly, and now other costs too are under tighter control.
  • On 27th September 2019, at the time of writing, GMT 09:16 AM, PHE shares were trading at GBX 0.3796, down by 0.010 points or 2.67% against the previous day closing price.

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