By Michele Maatouk
Date: Wednesday 23 Sep 2015
LONDON (ShareCast) - (ShareCast News) - Edenville Energy posted a narrower loss for the first half as it announced positive results from a surface test-pit programme in January.
For the six months ended 30 June, the company, which is developing a coal-to-power project in south western Tanzania, posted a pre-tax loss of £421,819, slightly narrower than last year's loss of £533,265.
Edenville, which does not generate any revenue, said it had net assets of £7.97m compared with £8.80m in the first half of last year.
In addition, the company announced positive results from a surface test-pit programme in January, demonstrating a significant quantity of high quality near surface coal.
Non-executive chairman Sally Schofield said: "We are pleased with the level of progress that the company has made over the last six months, continuing along our path of developing the Rukwa coal-to-power project.
At 1050 BST, Edenville shares were down 2.7% at 0.05p.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 9.75p |
Change Today | -0.25p |
% Change | -2.50 % |
52 Week High | 15.00p |
52 Week Low | 5.50p |
Volume | 0 |
Shares Issued | 60.22m |
Market Cap | £5.87m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
You are here: research