Griffin Mining Limited H1 FY19 Revenue Declines To $38.6 Million

  • Sep 16, 2019 BST
  • Team Kalkine

Griffin Mining Limited (AIM: GFM), for the six months ended 30th June 2019 has reported a sharp decline in revenue to $38.6 million from $54.1 million for the corresponding period ended 30th June 2018. Operating profit of the company too slumped to $6.0 million from $21.1 million in H1 FY18. Net operating expenses, which included the expenses related to those of the Caijiaying site, rose from $9,663,000 in the first six months of 2018 to $9,955,000 in H1 2019.

On 16th September 2019, at the time of writing, GMT 08:07 AM, GFM shares were trading at GBX 83.50, down by 7.00 points or 7.74% against the previous day closing price.

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