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Metal-Tech 6-month Loss Reduces - Quick Facts
September 2, 2010, Thursday, 14:58 GMT | 09:58 EST | 19:28 IST | 21:58 SGT
(RTTNews) - Metal-Tech Ltd. (MTT.L) said its half-year pre-tax loss narrowed to US$5.4 million from US$7.16 million last year.
Total comprehensive loss was US$5.4 million, narrower than US$7.71 million in the prior year period.
Loss per share attributable to ordinary equity holders of the company reduced to US$0.14 from US$0.18 a year ago.
Revenue for the six months ended 30 June 2010 increased to US$21.32 million from US$20.43 million last year, despite sales only coming from Tungsten products.
The company said an increased demand for Tungsten is expected to continue with a significantly higher pipeline of orders for the second half of 2010.
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