Powerhouse narrows losses despite lower first-half revenue
Powerhouse Energy ($PHE)’s first-half pre-tax loss narrowed to approximately £911,000 from £1.84 million. Revenue was £437,055, down from £474,879, while gross profit increased to £199,854 from £166,207. The improvement in reported losses included a lower share-based payment burden, so it should not be treated entirely as an improvement in cash trading. Cash stood at approximately £1.42 million after £1.3 million of funding raised during the period. The company continued advancing its waste-to-e
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