The alternative energy technology company, which did not produce any revenues in 2013, posted a pretax loss of
The company said its administrative expenses and finance costs increased, while its 2012 figures benefited from a one-off
Powerhouse is currently building its commercial capabilities to begin rolling out sales of its five-tonne-per-day waste to energy units, which were successfully commissioned in 2013.
In April, the company said it agreed to issue new shares to cover amounts outstanding to some of its creditors, a move it hoped would allow it to move the company forward after a recent restructuring.
The company said at the time that it had entered into a deed of settlement under which it will issue 11.5 million new shares to settle an outstanding loan of about
Powerhouse shares were up 4.0% to
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