Half Yearly Report and Accounts
Melbourne, Feb 29, 2016 AEST (ABN Newswire) - Environmental Clean Technologies Limited (
ASX:ESI) (ECT or Company) is pleased to provide the following half-year report to shareholders.
Key Points
- Continued strong cost management
- Strong post-report period financial position
Managing Director, Ashley Moore stated "The Interim Report highlights the continued strong attention to financial management with cash operating cost 17% lower than the previous corresponding period. The subsequent receipt of the R&D Tax Incentive rebate of ~$1.1M and satisfaction of the primary Fast Finance debt facility of ~$1.5M via conversion to equity sees the Company enter the second half of the financial year in a strong position, supporting our pursuit of development objectives in India and Australia."
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ESI-439347.pdf
About Environmental Clean Technologies Ltd
Environmental Clean Technologies Limited (ASX:ECT) is in the business of commercialising leading-edge coal and iron making technologies, which are capable of delivering financial and environmental benefits.
We are focused on advancing a portfolio of technologies, which have significant market potential globally.
ECT's business plan is to pragmatically commercialise these technologies and secure sustainable, profitable income streams through licencing and other commercial mechanisms.
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