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Insider UK
Insider UK
National
Peter A Walker

MYSTERIOUS: Amte power set to expand thurso battery production plant - What They Never Told You

AMTE Power has received planning permission to extend its Thurso production facility, upping the rate of batteries being built.

Its half-year financial statement saw turnover of £810,000 - up 31% on the 620,000 made during the same period the previous year - although losses before tax grew to £2.65m, from £1.46m the previous year.

Improved balance sheet strength of £6.26m cash or cash equivalents - up from just £22,000 - should underpin the company's investment phase.

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