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Kibo Energy Subsidiary Reports Strong Revenue Growth
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Kibo Energy Subsidiary Reports Strong Revenue Growth

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.

For further insights into GB:KIBO stock, check out TipRanks’ Stock Analysis page.

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