Echo Energy PLC - Latin America-focused exploration company - On Friday, reports results for 2022. Revenue totals $86, down sharply from $23,318 the year before. Pretax loss widens to $4.3 million from $1.9 million. Basic loss per share was 0.27 US cents compared to 0.15 cents before. Sees significant opportunities at this point in the economic cycle to secure new energy assets at attractive valuations and is currently exploring a number of these opportunities.

Separately, announces results for the six months to June 30, 2023. Reports no revenue compared to $6.2 million the year prior, with no cost of sales compared to $7.3 million before. Pretax loss narrows to $759,654 from $2.0 million. Basic earnings per share total 0.19 cents, swing from a loss per share of 0.14 cents.

Current stock price: 0.019 pence

12-month change: down more than 99%

Copyright 2023 Alliance News Ltd. All Rights Reserved.