EnergyWatch

Nel books another operating deficit

Despite achieving a positive bottom-line figure in this year’s first quarter, Nel Hydrogen books yet another substantial operating deficit in the second quarter, albeit improving the result against the same period last year.

Photo: PR Nel Hydrogen

From May to July this year, Norway’s Nel Hydrogen managed to boost sales by 13% from NOK 164m (USD 17m) to NOK 183m from the same period last year.

Such performance is also legible on the bottom line, showing the company’s deficit reduced by NOK 37m to NOK 275m year-over-year, shows the company’s Q2 interim report published Thursday morning.

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