Oracle Coalfields has reduced its H1 pretax loss to £ 0.4m, from a loss of £0.5m. Revenue was nil.
"Inevitably projects of this nature take time to bring to fruition," the company said in a statement.
"The development of Thar is a significant and sustainable element in Pakistan's longer term solution to the country's present energy crisis; speedy implementation is in the national interest.
"The Board extends its appreciation to the Thar Coal Energy Board, the Energy Department, the Coal Mines Department and Government of Sindh, as well as the Ministry of Water and Power (Government of Pakistan) for their continued support."