Savannah Resources Plc (SAV.L), a mineral resource development company, Wednesday reported narrower pre-tax loss in its first half, benefited by lower administrative expenses. To date, the company has not earned any revenues from its exploration projects.
On the London Stock Exchange, the stock was up 2.05 percent at 4.29 pence.
The developer of the Barroso Lithium Project in northern Portugal reported that its first-half pre-tax loss from continuing operations was 1.49 million pounds, lower than loss of 1.89 million pounds in the previous year.
Loss after tax attributable to equity owners of the parent was 1.51 million pounds, compared to loss of 1.92 million pounds last year.
Loss per share was 0.7 pence, compared to loss of 0.10 a year ago.
Operating loss was 1.63 million pounds, narrower than loss of 1.96 million pounds a year ago.
Administrative expenses in period declined to 1.79 million pounds from 1.86 million pounds in the prior year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.