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IN BRIEF: China Nonferrous Loss Widens, Operating At "Normal" Levels

5th Aug 2020 17:55

China Nonferrous Gold Ltd - mineral exploration and development company - Reports pretax loss of USD21.5 million for 2019, wider than USD4.3 million in 2018. Revenue up to USD49.2 million from USD17.9 million, but administrative expenses rise to USD16.3 million from USD6.2 million, and finance costs USD20.8 million versus nothing in the year before. Continuing to operate "at normal production and operation levels".

Current stock price: 14.00 pence

Year-to-date change: down 9.1%, Wednesday's change up 16%

By Lucy Heming; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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