European Metals Interim Loss Narrows Amid Drop In Share-Based Payments

16th Mar 2018 15:58

LONDON (Alliance News) - European Metals Holdings Ltd on Friday said its loss narrowed during the first half of its current financial year due to a significant reduction in share-based payments, as the company focused on the development of the Cinovec lithium and tin project in Czech Republic.

Pretax loss narrowed to AUD1.9 million in the six month ended December from AUD3.2 million in the same period a year earlier, resulting from a drop of shared-based payments to AUD1.2 million from AUD2.7 million. Interest income for the period totaled AUD1,592 versus AUD8,484.

Shares in the lithium explorer were down 7.4% at 22.45 pence on Friday in London.

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