28th Jun 2024 21:47
Echo Energy PLC - Latin America-focused exploration company - In 2023, pretax loss narrows to USD2.8 million from USD4.3 million. Revenue is zero, little changed from a year ago. Administrative expenses fall to USD1.2 million from USD3.0 million and finance costs decrease to USD1.8 million from USD3.0 million. Finance income, however, falls to USD203,371 from USD1.6 million.
Says careful management of cash balances, successful debt renegotiation and equity fund raises supported business flexibility and stability. Ends the period with USD0.08 million cash at bank compared to the prior year balance of USD1.1 million.
Current stock price: 0.0030 pence
12-month change: down 93%
By Jeremy Cutler, Alliance News reporter
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