Berkeley Energia Ltd on Wednesday reported a widened loss due to foreign exchange movements, while interest income surged.
Berkeley Energia is a clean energy company, focused on bringing the Salamanca project in Western Spain to production.
The company said its pretax loss widened to $3.5 million in the six months to December 31, from $849,000 a year prior.
Notably, it reported a loss of $2.3 million on foreign exchange movements, compared to a gain of $1.2 million a year ago.
Interest income jumped to $1.7 million from $268,000. Exploration and evaluation costs increased 27% to $1.9 million from $1.5 million.
Looking ahead, the company said: ‘The outlook for nuclear power and the uranium market continued to strengthen during the period, with a number of important recent developments.’
It cited the European Parliament adopting its official position on the proposed net-zero industry act aimed to support Europe’s manufacturing output in technologies needed for decarbonisation.
Berkeley Energia shares fell 1.2% to 14.08 pence each on Wednesday afternoon in London.
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