Dublin-based EcoSecurities today said its annual loss narrowed after revenue from greenhouse-gas credits gained.
The company, which is a developer of emission-reduction projects, said net loss shrank to €32.2 million euros in 2008 from €45.1 million a year earlier,
Revenue grew to €69.5 million from €7.2 million over the year.
EcoSecurities has fallen 87 per cent in London trading over the past year as United Nations regulators scrutinise emission-reduction projects in developing countries. Such projects can attract carbon credits, which can be bought by polluters in industrialised countries to offset their emissions at home.
EcoSecurities seeks so-called certified emission reduction credits in the UN-managed clean development mechanism, the world's second-largest greenhouse-gas trading programme after the European Union market.
Bloomberg
