Mast Energy Developments PLC (GB:MAST) has released an update.
Mast Energy Developments PLC reports a robust performance for its Pyebridge 8.1MW flexible power asset, with a 16% revenue increase in July to approximately £66,000 and a preliminary August revenue of around £46,000 before additional benefits. The company highlights a gross profit margin improvement to 57%, outperforming the market by 75%, and positive cash flow from Pyebridge. As the site proves successful, MED is confident in replicating this model across future sites, aiming to reach over 300 MW of generating capacity.
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