Rurelec has booked an H1 after-tax profit of £2.0m, from a year-earlier loss of £14.1m. Turnover was £116,000, from £620,000. Net asset value per share was 7.2p, from 7.7p.
"The Company continues to pursue measures to restore value to the Company and its shareholders through developments in Argentina and Chile, whilst pursuing cost savings at the head office in London and the sale of the Peruvian assets," said executive director Simon Morris.
At 9:54am: (LON:RUR) Rurelec PLC share price was +0.13p at 1.25p