30 June 2016

IPSA, the AIM and Alt dual listed independent power plant developer, today announces its unaudited interim results for the 12 month period ended 31 March 2016. This further unannounced interim period is provided following the change to the accounting reference date to 30 September as announced on 1 April 2016.

Highlights:

  • Revenue of £2.5m (2015 - £3.6m).
  • Group loss after tax of £0.56m (2015 - £6.93m loss).
  • Sale of Newcastle Cogeneration Pty Limited.

Commenting, Susan Laker, Chairman of IPSA, said:

'These are the last interims for IPSA Group PLC which include the operations of Newcastle Cogeneration (Pty) Limited ('NewCogen') which were sold in February 2016. The Company is now focusing its attentions on the sale of the balance of plant equipment held for sale in Italy and in finding a suitable reverse merger partner to maintain the quotations in London and Johannesburg.'

For further information contact:

Peter Earl, Director, IPSA Group PLC +44 (0)20 7793 7676

James Joyce, James Bavister WH Ireland Ltd (Nominated Adviser and Broker) +44 (0)20 7220 1666

Riaan van Heerden, PSG Capital (Pty.) Limited, (South African Sponsors) +27 11 797 8400

Or visit IPSA's website:www.ipsagroup.co.uk

IPSA Group plc published this content on 30 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 June 2016 15:25:03 UTC.

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