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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Atlantic Lithium Ghana for the first half of 2024 has recorded a total comprehensive loss of $13.4 million.
This is an increase from the $11.3milllion total comprehensive loss recorded in the first half of 2023.
A perusal of the company‘s half-year financial statements revealed that the recorded loss was driven largely by consulting fees ($1.3m), employee benefits expenses ($2.7m), and share-based payments ($4.5m).
Given the loss recorded by the company, no dividends have been declared by Atlantic Lithium for the first half of 2024.
Within the review period, the company’s total assets value grew by some $4.4m from $36.7m to $41.1m driven mainly by an increment in the company’s non-current assets ($25.3m) as its current assets dipped to $15.7m from $17.4m in Q2 2023.
Source: newsthemegh.com