10th Feb 2025 14:24
Vast Resources PLC - London-based mining and resource development company - On January 31, reports pretax loss narrowed to USD3.3 million in the six months to October 31, from USD6.2 million a year prior. Revenue falls to USD211,000 from USD1.8 million. Cost of sales decrease sharply to USD1.2 million from USD3.0 million, while overhead expenses come down to USD1.7 million from USD3.8 million. Vast Resources highlights that full production has started at the Takob joint venture project in Tajikistan, but the first delivery to final destination has been delayed due to weather related conditions. Looking ahead, the company says it anticipates an improved second half of the financial year with "significantly" stronger revenue.
Current stock price: 0.13 pence each, flat on Monday afternoon in London
12-month change: up 30%
By Tom Budszus, Alliance News slot editor
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