Premier African Minerals Ltd - Southern Africa-focused miner - Posts both annual results for calendar 2019 and half-year results for the six months to June 30, 2020 on Wednesday.
Records no revenue for 2019 versus USD168,000 in 2018. However, 2019 pretax loss slims to USD1.2 million from USD7.8 million after taking Zulu Lithium impairments totalling USD4.6 million in 2018 which did not repeat in 2019.
For half-year to June 30, pretax loss narrowed to USD649,000 from USD17.9 million a year ago, with the prior year's result hit by USD18.3 million in foreign exchange losses. No sales recorded for either interim period.
Current stock price: 0.050 pence
Year-to-date change: down 44%
By Lucy Heming;Â lucyheming@alliancenews.com
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Premier African Minerals (PREM)