Kibo Mining (GB:KIBO) has released an update.
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Mast Energy Developments PLC, a subsidiary of Kibo Energy PLC, has reported a notable increase in revenue for their Pyebridge flexible power generation asset, with a 16% hike in July’s final revenue and a significant gross profit margin improvement to 57%. The positive financial performance is attributed to the successful refurbishment of generating sets and operational efficiencies, positioning the company for further expansion of its generating capacity to over 300MW.
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