Aura Energy reports wider losses as higher costs offset jump in revenue

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Energy company Aura Energy reported wider losses as rising costs offset a jump in revenue as the company continued to advance its exploration and development projects.

For the six months ended 31 December 2019, pre-tax losses widened to $1.5m from $1.4m on-year, while revenue increased to $286K from $16.6K.

The uptick in revenue was offset by a rise in costs to $564K from $461K.

At 9:16am: (LON:AURA) Aura Energy Limited share price was 0p at 0.23p