Project delays double TEG losses

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The Independent Online

The green technology firm TEG Group, which operates organic composting and energy plants as an alternative to sending waste to landfill, said losses more than doubled after key projects were delayed.

The company, based in Lancashire, said revenues increased 6 per cent to £9.3m in the six months to 30 June but pre-tax losses rose 112 per cent to £798,000.

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