Source - SMW
Plutus PowerGen swung to a first-half loss owing to increased costs. 

The company booked a loss of £392,489 after administration expenses rose to £888,939, due to one-off spending on a bond issue and a share-based payment charge for a new option scheme for directors.

Revenue was flat at £675,000.

'It has been another busy half year for your company and I am pleased to report that the roll-out of our FlexGen sites across the UK has continued with 120MW now in operation and a further three 20MW sites planned to be constructed in 2018,' executive chairman Charles Tatnall said.