Brief: Myanmar Investments HY Loss Before Income Tax $1.2 Mln Vs $1.3 Mln

Myanmar Investments International

28/11/2019 08:26

Nov 28 (Reuters) - Myanmar Investments International Ltd
 MILM.L :
    * HY CORE CASH-BASED OVERHEADS WERE US$646,000 WHICH IS 27.5
PER
CENT LOWER ON A PER SHARE BASIS THAN FOR SAME PERIOD LAST YEAR
    * HY NAV VALUATION OF $32.3 MILLION FROM $33.3 MILLION OVER
SIX
MONTH PERIOD TO 30 SEPTEMBER
    * MANAGEMENT EXPECTS THAT BY MARCH 2020 MONTHLY OVERHEADS
WILL
FURTHER REDUCE
    * HY LOSS BEFORE INCOME TAX US$1.2 MILLION VERSUS US$1.3
MILLION
    * "OPERATING COSTS ARE UNDER CONSTANT REVIEW IN ORDER TO
MINIMISE
OUR CASH BURN SO AS TO RETURN SURPLUS CAPITAL TO SHAREHOLDERS"

Source text for Eikon:  ID:nRSb9730Ua 
Further company coverage:  MILM.L 

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