Gateway Energy posts quarterly results

Gas distribution company Gateway Energy has announced that, for the second quarter ended 30 June 2010, net loss from continuing operations was $957,000 (£612,000), or $0.05 per diluted share, compared with a net loss of $94,000 in the prior-year quarter and a net loss of $234,000, or $0.01 per diluted share, in the previous quarter.

Revenues were $1.8m, compared with $1.7m for the quarter ended 30 June 2009 and $2m for the first quarter of 2010.