Hazer Group (ASX:HZR) reported a significant increase in their fiscal year revenues from ordinary activities, posting a growth of 108% to amass a total of A$2.7 million.

However, the company also reported a fiscal year loss from ordinary activities after tax.

The loss accounted to A$12.2 million, an improvement from their previous loss of A$16.4 million.

Hazer Group is an Australian company that focuses on the development and commercialization of technology to produce clean hydrogen and graphite.