American Pacific Borates (ASX:ABR) suffers loss of over $10.5M for the half

12MarMarch 12, 2021

American Pacific Borates (ASX:ABR) suffers loss of over $10.5M for the half

American Pacific Borates (ASX:ABR) recorded a net loss after tax of over $10.5 million for the half-year ended 31 December 2020.

The loss included over $2.7 million related to foreign exchange movements, and a share based payment expense of over $6 million, more than $5.3 million of which went to employees and directors.

The company remains focused on advancing its 100 per cent owned Fort Cady Borate Project located in Southern California, USA.

Its overarching ambition is to become a substantial global specialty fertiliser producer.

Shares in American Pacific Borates (ASX:ABR) closed 1.05 per cent lower at $1.88 yesterday.

Copyright 2021 – Finance News Network

Source: Finance News Network

17DecDecember 17, 2019

Air New Zealand (ASX:AIZ) to say goodbye to fomer Prime Minister Sir John Key

17 Dec 2019 - Air New Zealand (ASX:AIZ) reports that Former Prime Minister of New Zealand Sir John Key will retire from its Board of Directors in March.

11SepSeptember 11, 2020

Freedom Foods Group (ASX:FNP) locks-in lending support

11 Sep 2020 - Freedom Foods Group (ASX:FNP) has secured a standstill agreement with its two main lenders, HSBC and National Australia Bank, regarding financing facilities.

02OctOctober 2, 2019

Westgold Resources see board and management changes

02 Oct 2019 - Westgold Resources (ASX:WGX) is set to make changes to its Board with Peter Newton planning to retire from his Non-Executive Chairman role.

05AugAugust 5, 2020

Telstra (ASX:TLS) sells data centre to Centuria Industrial REIT (ASX:CIP) for $416.7 million

05 Aug 2020 - Telstra (ASX:TLS) has entered an agreement to sell its data centre complex in Clayton, Victoria, to Centuria Industrial REIT for $416.7 million.

13FebFebruary 13, 2020

Caltex Australia (ASX:CTX) receive improved acquisition proposal

13 Feb 2020 - Caltex Australia (ASX:CTX) has received a revised, conditional, nonbinding and indicative proposal from Alimentation Couche-Tard Inc. to acquire all of the shares in Caltex by way of a scheme of arrangement at an indicative cash price of $35.25 cash per share.