Ballard revenue up 15 percent in 2006

Newswire

(Figures in U.S. dollars) TORONTO, Jan 30 (Reuters) - Fuel cell maker Ballard Power Systems on Tuesday reported revenues of $62 million for 2006, up 15 percent from the previous year and said that was within company guidelines. The Vancouver-based company said it had cut operating cash consumption by 38 percent to $51.4 million. Ballard forecast revenue of $55 million to $60 million in 2007, and said this represented a gain of up to 30 percent, after taking account of the December sale ...

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