Aquila Re­sources shares ease

Townsville Bulletin - - Investor -

SHARES in Aquila Re­sources Ltd eased af­ter the coal and iron ore miner re­ported a widen­ing of its first half net loss.

Aquila shares closed down 25 cents, or 2.86 per cent, at $ 8.50.

The com­pany yes­ter­day re­ported a net loss for the six months to De­cem­ber 31 of $ 15.79 mil­lion, com­pared to a net loss of $ 12.43 mil­lion for the pre­vi­ous cor­re­spond­ing pe­riod.

Aquila said the re­sult re­flected its pol­icy of ex­pens­ing ex­plo­ration and fea­si­bil­ity study costs as they were in­curred.

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