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.

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