Newmark Security has improved its H1 pretax profit to £1.56m, from £19,000. Revenue was £11.9m, from £8.9m. Looking ahead, it said although H2 revenues were not seen matching H1's, FY results before exceptionals were expected to be ahead on the year.
Magnolia Petroleum has received an independent Reserves Report as at 1 January 2015 that includes a significant increase in net proven reserves on its leases in US onshore formations such as the Woodford and Mississippi Lime, Oklahoma, and the Bakken and Three Forks Sanish, North Dakota.
Rambler Metals and Mining said due to the uncertainty in the copper price and an unforeseen decline in copper grade in January the Company has begun implementing short term cost cutting measures whilst it addresses grade and production issues at the Ming Mine.