Renewable energy firm Montauk reported a double digit profit loss for the first half of its financial year, the company said on Wednesday.

The company’s revenue dropped 8% to $46.4m (R808.7m) in the period while profits fell 27% to $10.8m. It posted total renewable natural gas (RNG) revenue of $37.7m while renewable electric generation (REG) total revenue fell to $9m, the company said in its financial statement for the six months through June. ..

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