LONDON (ShareCast) - Renewable Energy Generation, which develops renewable energy projects, narrowed losses for the half year as revenues increased 148% thanks to strong growth from its UK wind energy assets.

Net loss narrowed to £0.5m from £1.2m in the same period last year on revenue that increased to £1.25m from £0.5m last time. Dividend was kept at 1p per share.

The group’s five operational wind farms generated 12,800MWh in the six month period.

“We estimate we will have over 60 megawatts of operational generation and over 4,000 megawatts of projects in our pipeline by the end of the current financial year,” said the group.

Antennas maker Sarantel has secured a contract with a US supplier of military radios to develop a rugged version of its 2nd generation GPS antenna.

Development work on the antenna, which is designed to connect to a tactical military radio, will begin immediately and production shipments are expected to begin in 2009.

“This development contract is Sarantel's first Military GPS contract and represents a significant step in the Company's diversification strategy,” it added

Cancer diagnostic group Genetix announced this morning that it has launched CytoGenetix, a new range of reagents.

“Today's launch of the CytoGenetix range will provide a small incremental increase in revenues but is a strong addition to our consumables product line and compliments CytoVision, which was an important part of the business acquired with Applied Imaging,” said chief executive Mark Reid.

Shares in PetroNeft Resources advanced after an independent reserves audit led to a significant increase in reserves on Licence 61, in Tomsk Oblast, Russia.

Internet-based telephony group Coms said full-year revenues came in as expected, adding that current trading in February is in line with the previous month.

Medical Solutions has conditionally agreed to acquire Autogen Bioclear for a total consideration of up to £6m in cash.

JumpTV, which specialises in streaming sporting events over the internet, has announced a new management team and reiterated its target of breaking even on a monthly cash basis by the end of 2008.

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