U3O8 Holdings pre-tax losses narrow
29th June 2012
Interim pre-tax losses at South American-focused uranium explorer U3O8 Holdings fell to £165,870 in the six months to the end of March - down from £271,960 a year ago.
But operating losses widened to £153,363 - up from £129,836 in 2011.
The basic loss per share was 0.10p and is attributable to ongoing administrative expenses, and work involved in preparing the company for an AIM listing.
Chief executive Conrad Windham said: "We understand and share investors' frustrations at the lack of progress made in developing the company and its projects since we commenced the process of listing on the AIM Market.
"We have had a number of hurdles that we have come up against, many of which no one could have foreseen and this has hindered progress."
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