Shares of Power Metal Resources Plc (POW.L) are up 3 percent on Monday's trading after it turned to profit in the first half of the year from last year's loss. The company's revenue also increased from a year ago.
On the LSE, the stock is up 3 percent on Monday's trading at 15.05 pence.
The natural resources exploration company posted profit attributable to owners of the parent of 5.44 million pounds or 4.71 pence per share in the first half of the year, compared to loss of 1.33 million pounds or 1.22 pence per share in the same period last year.
During the six-month period, pre-tax profit came in at 5.19 million pounds, compared to loss of 1.43 million pounds recorded in the corresponding period a year ago.
Half-year revenue climbed to 45 thousand pounds from 32 thousand pounds in the prior-year period. Total comprehensive income attributable to owners of the parent was 5.42 million pounds during the six-month period, compared to total comprehensive loss of 1.33 million pounds in the same period of fiscal 2024.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.