IN BRIEF: Ariana Resources annual profit gets boost from disposals

Ariana Resources PLC - exploration firm with interests in Turkey - Posts a pretax profit of ...

Alliance News 29 June, 2022 | 11:45AM
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Ariana Resources PLC - exploration firm with interests in Turkey - Posts a pretax profit of GBP7.7 million in 2021, up 51% from GBP5.1 million the previous year. Company says the main driver of this increase was the partial disposal of its interest in Turkey in February. Ariana reduced its 50% interest in the Kiziltepe mine and 100% interest in the Salinbas project to a collective 24%. Looking forward, company aims to advance its long-term interest in south-eastern Europe and to start investing in "high-impact early-stage exploration opportunities".

Current stock price: 3.35 pence, down 3.6% in London on Wednesday

12-month change: down 30%

By Heather Rydings; heatherrydings@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Ariana Resources PLC 3.27 GBX -0.91 -

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