Kropz PLC - South Africa-focused phosphate producer and developer - In the six months to June 30, pretax loss narrows to $4.0 million from $61.0 million a year prior. Reports $14.1 million revenue for the first half of 2023, compared to none a year prior. Cost of sales are $16.4 million in the first half of 2023, compared to none in the first half of 2022. ‘With the unexpected record rainfall experienced in the Western Cape the mining plan was amended to consider higher rainfall in winter periods to minimise the effects of wet mining conditions,’ company notes. Looking ahead, expects to stay in operational existence until at least December next year.

Current stock price: 1.75 pence

12-month change: down 64%

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