Corre Energy BV - Groningen, Netherlands-based renewable energy storage solutions and green hydrogen producer - Pretax loss widens to EUR34.3 million from EUR7.6 million, and the company has zero revenue against EUR5,000 in the previous year. The company says this loss was driven by a EUR5.6 million employee related costs and by EUR7.0 million administration costs. Corre Energy raises EUR10.9 million through a capital increase in May 2022. Chief Executive Keith McGrane says: "2022 was about putting in place the building blocks for growth whilst maintaining prudent capital deployment.

"Off the back of our strong commercial performance we successfully raised EUR10.9 million in May 2022 and EUR8.9 million in February 2023. This has allowed the company to advance its near-term projects whilst positioning the business for further planned pipeline growth."

Current stock price: down 1.8% at EUR3.2

12-month change: up 1.0%

By Will Neill, Alliance News reporter

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