Brief: Nordic Mining Q2 Loss Before Tax Narrows To NOK 12.4 Mln

Nordic Mining ASA

18/08/2020 07:14

Aug 18 (Reuters) - Nordic Mining ASA  NORG.OL :
    * Q2 OPERATING LOSS NOK 7.7 MILLION VERSUS LOSS SEK 20.7
MILLION
YEAR AGO
    * MARKET OUTLOOK FOR RUTILE AND GARNET IS UNCERTAIN DUE TO
IMPACT
OF CORONAVIRUS PANDEMIC
    * DEMAND FOR GARNET IS AFFECTED FROM REDUCED ECONOMIC
ACTIVITY
CAUSED BY CORONAVIRUS PANDEMIC AND REDUCED OIL PRICE
    * Q2 LOSS BEFORE TAX NOK 12.4 MILLION VERSUS LOSS NOK  20.5
MILLION YEAR AGO
    * NORDIC MINING HAS NO INTEREST-BEARING DEBT AND IS
ADEQUATELY
FINANCED WELL INTO 2021 BASED ON CURRENT FORECASTS AND WORK
PLANS

Source text for Eikon:  ID:nWkr4txcR9 
Further company coverage:  NORG.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))