Harvest Minerals losses double as pandemic disrupts activity

Fri, 30th Oct 2020

Remineraliser producer Harvest Minerals reported losses than doubled in the full year ended June as the impact of the pandemic hurt new business wins leading to a slump in revenue. For the six-month period ended 30 June 2020, pre-tax losses deepened to $1.8 million from $910,044 year-on-year as revenue fell x% to $299.499. 'During the period under review, the company's operations were impacted by the effects of the COVID-19 pandemic, which impacted business confidence and the ability of the Company and its customers to trade unrestricted. 'Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Group is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for the 2020 financial year,' it added. At 9:47am: (LON:HMI) Harvest Minerals Ltd share price was -0.4p at 2.4p Story provided by StockMarketWire.com

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