Source - Alliance News

Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - In the six months to September 30, pretax loss narrows 22% to $594,000 from $766,000 a year prior. Revenue dives to $774,000 from $4.9 million, however. Cost of sales decrease to $1.3 million from $3.5 million, while administrative expenses fall to $79,000 from $2.2 million. Looking ahead, the company says: ‘The SABER project has been substantially de-risked after the recent successful field-testing, with a fleet of the first generation of commercial tools currently being manufactured for deployment, to a customer contract which includes a first phase of customer testing, in addition to other potential opportunities.’

Current stock price: 11.70 pence, down 0.4% on Wednesday

12-month change: up 11%

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