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Altura narrows losses for 2013

9th September 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Diversified junior Altura Mining has told shareholders that it is likely to report a net loss of between A$0.8-million and A$1.2-million for the full year ended June.

This was compared with a net loss of A$1.8-million in the previous financial year.

The narrowing loss during the current financial year was attributed to a favourable foreign exchange movement, reduction in administration expenditure and the recognition of equity in Delta Coal.

However, Altura said that these gains were partially offset by lower revenues from the Mine Services segment during the year.

Altura was expected to deliver its financial results for 2013 on September 12.

Edited by Creamer Media Reporter

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