Toro Corp. posts six-month net income
Toro Corp. said six-month net income from continuing operations was higher than in the prior year. Net cash used in financing activities was also reported for the period.
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Toro Corp. said six-month net income from continuing operations was higher than in the prior year. Net cash used in financing activities was also reported for the period.
The company reported a loss before taxation of £1.437 million and cash and cash equivalents of £659,000 at period end. It also said it had announced a £1.3 million placing after the period end.
The company said it made progress on Sunbeam exploration, secured OJEP funding for a fourth consecutive year and completed a £1 million fundraising in June. It also said it completed closing conditions for its agreement with nGRND Inc over Kerrs Gold.