Ascent Resources Plc H1 FY19 Revenue Slumps To £242,000

  • Sep 20, 2019 BST
  • Team Kalkine

Ascent Resources Plc (AST) has announced its interim results for the six months ended 30 June 2019.

The revenue of the company slumped to £242,000 in the reported period from £1.281 million in H1 FY18.

Gross profit of the company came in at £55,000 in H1FY19 as compared to £877,000 in H1 FY18.

The company reported two successful placings to raise £1.1 million in January and April 2019.

On 20th September 2019, at the time of writing, GMT 13:07 PM, AST shares were trading at GBX 0.23, down by 0.05 points or 18.18 per cent against the previous day closing price.

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