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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

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