Sep 23, 2011 - Italian clean energy products developer Acta SpA (LON:ACTA) on Thursday reported net revenues of EUR 5.9 million (USD 8m) for the first half of 2011, compared to EUR 146,000 a year before.
Operating loss narrowed to EUR 1.6 million from EUR 2.4 million.
Net loss for the period was EUR 1.66 million, compared to EUR 2.4 million.
Together with its hydrogen generator product line, Acta is also developing solar photovoltaic projects. The policy changes in the Italian market weighed on its solar power business and led to shortfall in cash flow, the company said. It is now looking for additional financing options to back the expansion of its product sales and manufacturing facilities.