Rockhopper Exploration Annual Loss Reduces - Quick Facts

5/31/2012 2:24 AM ET

Rockhopper Exploration plc's (RKH.L) full-year pre-tax loss narrowed to $53.78 million from $87.19 million loss last year. Loss per share for the year ended March 31, 2012 was 19.92 pence, narrower than 40.58 pence a year earlier.

Exploration and evaluation expenses for the period decreased $38.5 million from $85.7 million to $47.2 million. This was due, in the main, to a decrease in the impairment charge from $68.1 million to $26.4 million, the company added.

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by RTT Staff Writer

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