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Unaudited Results for the 6 month period ended 30 September 2015

29 March 2016

IPSA, the AIM and Altx dual listed independent power plant developer, today announces its unaudited interim results for the 6 month period ended 30 September 2015.

Highlights:

  • Revenue of £1.8m (2014 - £1.9m).
  • Group loss after tax of £0.26m (2014 - £0.75m loss).
  • Post balance sheet sale of Newcastle Cogeneration Pty Limited.
  • The Company is now an AIM Rule 15 Cash Shell

Commenting, Richard Linnell, Chairman of IPSA, said:

"These are the last interims for IPSA Group PLC which include the operations of Newcastle Cogeneration (Pty) Limited ("NewCogen") which were sold in February 2016.  The Company is now focusing its attentions on the sale of the balance of plant equipment held for sale in Italy in order to seek to settle outstanding creditors and in finding a suitable reverse merger partner to maintain the quotations in London and Johannesburg."

 

 

For further information contact:

Peter Earl, Director, IPSA Group PLC   

+44 (0)20 7793 7676

James Joyce, James Bavister WH Ireland Ltd (Nominated Adviser and Broker) 

+44 (0)20 7220 1666

Riaan van Heerden, PSG Capital (Pty.) Limited, (South African Sponsors)   

+27 11 797 8400

Or visit IPSA's website: www.ipsagroup.co.uk 

 

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