Quadrise Fuels says the show is on the road

Quadrise International, a manufacturer and supplier of emulsion fuels, pared its losses in the last year and said that after struggling to convince people of the merits of its technology 'the show is on the road'.

Quadrise International, a manufacturer and supplier of emulsion fuels, pared its losses in the last year and said that after struggling to convince people of the merits of its technology 'the show is on the road'.

Emulsion fuels are marketed as a low cost alternative to heavy fuel oil in the global shipping, refining and steam and power generation markets.

The firm posted a loss after tax of £4.2m, compared to £6.6m the year before, resulting in a loss per share of 0.58p.

The loss arose principally from non-cash charges of £2.4m for the amortisation and impairment charges of intangible assets and available for sale investments.

It added that the company had no debt and £1.7m in cash reserves at the end of June.

Chairman Ian Watson said he was "almost hesitant to make any firm prediction on passing key future milestones".

"On reflection, however, the direction has been constant and recent progress has been truly tangible," he said. "This can only bode well for the future."

"QFI should aspire to become a mid cap energy sector company," he added.

"Moreover there are now solid indications that we are on the way - the show is on the road."

MM

Recommended

The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
6 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
2 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

NS&I brings back one-year fixed bonds with highest rates since 2010
Personal finance

NS&I brings back one-year fixed bonds with highest rates since 2010

NS&I’s one-year fixed bonds are back on sale after being pulled off the market in 2019 - but is the rate any good?
1 Feb 2023
How to invest like an ISA millionaire
Investments

How to invest like an ISA millionaire

We reveal the top funds and trusts ISA millionaires pumped their money into
6 Feb 2023
The best one-year fixed savings accounts - February 2023
Savings

The best one-year fixed savings accounts - February 2023

Earn almost 5% on one-year fixed savings accounts.
6 Feb 2023