Oracle Power books annual loss as it develops Pakistan power plant plan

07:48 18/06/2019
StockMarketWire.com - Oracle Power booked a full-year loss as it continued to develop a proposed coal mine in power plant in Pakistan.

Pre-tax losses for the year through December amounted to £880k, compared to losses of £1.0m on-year.

During the year, the company signed a non-binding memorandum of understanding with two Chinese power companies to develop and operate the mine and power plant and to provide financing.

'In 2019, the company will concentrate on formalising detailed agreements with its Chinese partners including securing of the financing for their share of the equity and all project debt,' Oracle said.



Story provided by StockMarketWire.com

Forex

Commodities

What the Papers Say

telegraph financial times daily mail daily express independent times
00:04 Coinbase launches tool that analyses...
source: FT.com
00:02 Lamont urged ‘fastest...
source: FT.com
00:02 Act faster or risk another Grenfell fire,...
source: FT.com
[more ...]