3rd Aug 2020 14:15
Kropz PLC - South Africa-focused plant nutrient feed minerals developer - Reports a pretax loss of USD8.6 million for 2019, widened from USD7.6 million posted the year prior. No revenue was generated. Operating expenses were USD6.6 million, up from USD5.7 million. Looking ahead, the company remains confident in the inherent value contained within each of its core assets. Global phosphate rock demand and pricing continues to improve, and the work being carried out at its projects will provide Kropz with invaluable direction for the next phase of its development. Cash as at December end was USD15.5 million.
Current stock price: 7.10 pence
Year-to-date change: down 3.0%
By Ife Taiwo; [email protected]
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