Share Prices & Company Research

Market News

13 May 2019 | 14:04

Ascent Resources books annual loss in 'challenging year'

Ascent Resources posted an full-year loss after rising revenue as overshadowed by sales costs, asset depreciation and administrative expenses.

Pre-tax losses for the year through December amounted to £1.4m, compared to losses of £2.0m on-year.

'While 2018 was a challenging year for the company we look forward to 2019 with renewed optimism,' chief executive Colin Hutchinson said.

'The first few months of the year have seen significant progress in Slovenia, with the award of the IPPC Permit and the extension of our gas sales agreement, and at a corporate level, with two new experienced directors joining the board and £1.1m in new funds raised.' At 2:04pm: (LON:AST) Ascent Resources PLC share price was +0.06p at 0.38p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.