24th Feb 2016 10:03
LONDON (Alliance News) - Solgold PLC Wednesday said its loss in the first half of its current financial year was slightly narrower than a year ago.
The exploratory miner, with projects in Ecuador, the Solomon Islands and Australia, said its pretax loss for the six months to the end of December totalled AUD1.3 million, which is slightly narrower than the AUD1.4 million loss a year earlier.
With negligible revenue, the loss narrowed because a AUD213,848 tax bill paid in the first half of the last financial year was not repeated in the most recent half. However, overall operating costs were slightly higher in the first half than a year ago.
Solgold shares were trading down 3.6% to 2.17 pence per share on Wednesday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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