LONDON (Alliance News) - Reabold Resources PLC Tuesday said its pretax loss narrowed in the first half of 2014, on the back of a reduction in administration costs.
The company, which invests in the natural resources sector, posted a pretax loss of GBP76,000 for the six months to June 30, compared with GBP86,000 in the first half of 2013.
It said a reduction in administration expenses to GBP77,000, compared with GBP95,000 last year, helped narrow losses.
The company said its net assets as at June 30 were GBP370,000, compared with a deficiency of GBP179,000 in the first half of 2013.
Reabold shares closed 20% lower Tuesday at 3.00 pence. Its earnings statement came after the market close.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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Reabold Resources (RBD)