LONDON (ShareCast) - Renewable energy investment firm KleenAir Systems saw revenues fall in the last year but cut its losses as it got a handle on overheads.

Revenue for the year to the end of June fell to £26,446, from £35,047 in 2011.

Pre-tax losses were £134,949, pared back from £163,353 the previous year.

That equated to losses per share of 0.221p, an improvement on the 0.357p loss before.

"Since KleenAir's interim results, the board has been primarily focused on ensuring the business reduced its overheads and continued to implement its investing policy in order to generate returns to shareholders," it said.

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