Carnegie Clean Energy Reports Increased Annual Loss

Carnegie Clean Energy Ltd (AU:CCE) has released an update.

Carnegie Clean Energy Ltd reported a net loss of $2,320,225 for the financial year ended 30 June 2024, a significant increase from the previous year, with no dividends issued due to the lack of profits. Despite the loss, the company raised $2.134 million through a Share Purchase Plan to support its first European deployment of the CETO technology. The net tangible asset backing per share decreased from 2.20 cents to 1.54 cents, reflecting the company’s ongoing investment in its core product development.

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