Revenue Up 1.8 Million Pounds at Clean Air Power

Before you go, we thought you'd like these...
Before you go close icon

LONDON -- This morning, Clean Air Power (ISE: CAP.L) , the developer and provider of Dual-Fuel combustion technology for heavy-duty diesel engines, announced encouraging revenue figures for the first half of the year. Revenue was up 1.8 million pounds to 3.9 million pounds, compared with 2.1 million pounds reported for the same period of 2011. It also said that more than 100 systems were delivered during the period compared with 37 a year ago.

Furthermore, a continuation of the promising interest in its range of European products has resulted in a significant increase in orders. The company has now had a total of 250 orders during 2012 for both the Genesis EDGE system and its European OEM product.

John Pettitt, CEO of Clean Air Power, said:

We are gaining very encouraging traction in the European Market with increasing customer demand, a growing order book and a new product offering. Thanks to the increasing customer interest we are confident of the outlook going into the second half of the financial year. We have a clear strategy for the North American market both in the short and medium term and will provide further updates following the evaluation study.


This morning's update from Clean Air Power underlines how exciting shares can become wonderful investments for ordinary investors.

But if you're keen to earn even greater returns, this free Motley Fool report -- "10 Steps To Making A Million In The Market" -- could help you on your way. The report highlights how choppy markets can still provide the big winners to take you to that magic million. You can download the report for free right now, but hurry -- it's available for a limited time only.

Investing is by no means easy in today's uncertain economy. That's why we've published "Top Sectors for 2012" -- our guide to three favorable industries. This free report will be dispatched immediately to your inbox.

Further Motley Fool investment opportunities:

The article Revenue Up 1.8 Million Pounds at Clean Air Power originally appeared on Fool.com.

Sonia does not own any shares of Clean Air Power. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners