Brief: Southgobi Resources Sees Net Loss Between $33 Mln And $38 Mln For Six Months

SouthGobi Resources

31/07/2023 14:54

July 31 (Reuters) - SouthGobi Resources Ltd  SGQ.V :
    * SEES NET LOSS BETWEEN US$33.0 MILLION AND US$38.0 MILLION
FOR
SIX MONTHS
    * EXPECTED RESULT DUE TO PROVISION OF A TAX PENALTY OF
US$75.0
MILLION
    * ON JULY 18 SOUTHGOBI SANDS LLC RECEIVED AN OFFICIAL NOTICE
ISSUED BY MONGOLIAN TAX AUTHORITY
    * NOTICE STATING THAT MTA HAS RECENTLY COMPLETED A PERIODIC
TAX
AUDIT ON FINANCIAL INFORMATION OF SGS BETWEEN 2017 AND 2020

Further company coverage:  SGQ.V 

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