0R15 9025.0 0.0% 0R1E 9410.0 0.0% 0M69 None None% 0R2V 247.99 9682.643% 0QYR 1567.5 0.0% 0QYP 439.3701 -2.9016% 0RUK None None% 0RYA 1597.0 1.2682% 0RIH 195.55 0.0% 0RIH 191.4 -2.1222% 0R1O 225.5 9683.0803% 0R1O None None% 0QFP 10475.8496 107.8542% 0M2Z 252.573 0.2373% 0VSO 33.0 -7.3164% 0R1I None None% 0QZI 622.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 222.05 -4.1318%
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Ariana Resources (LSE: AAU) Achieves 106% PBT Growth in H1FY24; Set to List on ASX
Highlights
Ariana Resources PLC (LSE:AAU) focuses on gold and silver exploration and development. It operates in two segments: mining and other reconciling items.
In the first half of the financial year 2024 (H1FY24), Ariana Resources reported an operating loss of GBP 1.35 million, compared to a loss of GBP 0.79 million in H1FY23. This increase was primarily due to a rise in administrative costs, which reached GBP 1.26 million, up from GBP 0.67 million in the prior corresponding period. This reflects higher operational expenses, including the Dokwe Gold Project acquisition.
On the positive side, the company saw a notable improvement in profit before tax, rising by 106.1% to GBP 0.68 million, compared to GBP 0.33 million in H1FY23. This was driven by profits from Zenit Madencilik, which grew to GBP 2 million in H1FY24, compared to GBP 0.7 million in the previous year, supported by better performance at the Kiziltepe Mine and continued progress at the Tavsan project.
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