Lower taxes and increased effectiveness boosts Greentech

The bottom line in Greentech Energy Systems has quadrupled despite declining revenue. The company expects improvement in 2017.

Photo: Greentech Energy Systems/PR

Energy producer Greentech managed to lift the bottom line tremendously in 2016 despite a slight reduction in revenue.

Company revenue fell by EUR 46.6 million in 2016 to EUR 47.3 million the year before. However the operating result has shown a slight improvement of EUR 1.1 million to EUR 30.4 million. Things look even better on the lowest line, where profits have quadrupled from EUR 1.3 million to EUR 5.5 million.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs