Aug 8, 2013 - Canadian plasma gasification firm Alter NRG Corp (TSE:NRG) saw its loss from continuing operations remain flat in the first half of 2013 at CAD 4.4 million (USD 4.2m/EUR 3.2m), while sales jumped.
Loss from discontinued operations was zero as compared to CAD 602,900 previously. In the summer of 2012 Alter NRG sold its geoexchange solutions unit CleanEnergy Developments to Canadian investment firm Bellair Ventures Inc. Now it is focused exclusively on its Westinghouse plasma technology that converts all types of waste into electricity, syngas, heat and liquid fuels.
January-June revenues jumped 63% on the year to CAD 8.7 million. The figure includes income to facilities under construction or commissioning, plasma torch sales in China and licensing fees from developers with emerging business plans, Alter NRG said.
In the second quarter of this year, the company posted a CAD-2.65-million loss from continuing operations, widening from CAD 1.8 million a year ago. April-June revenue rose to CAD 4.3 million from CAD 3.97 million.