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BRIEF-Southgobi Resources Q2 loss per share $0.15

Published 2015-08-13, 07:48 a/m
© Reuters.  BRIEF-Southgobi Resources Q2 loss per share $0.15

Aug 13 (Reuters) - SouthGobi Resources Ltd SGQ.TO :
* Announces second quarter 2015 financial and operating results
* Continues to operate under difficult market conditions as prices for coal
remained weak in China" through Q2
* Says sold 0.19 million tonnes of its coal products during the quarter
* Says revenue was $3.0 million in the second quarter of 2015 compared to $6.7
million in the second quarter of 2014
* Says Q2 loss per share $0.15
* Says company anticipates that coal prices in China will remain under pressure
in 2015,
* Says currently seeking to resolve with the mongolian authorities dispute
giving rise to the tax verdict
* As at the date hereof, co with strategic partner and novel Sunrise, developed
funding plan
* Says anticipates that coal prices in China will continue to impact the
company's margins and liquidity
* Says company continues to experience negative impacts on its margins and
liquidity
* Says there can be no assurance that company will have sufficient funding to
be able to continue as a going concern

* Source text for Eikon ID:nMKW8l7b3a

* Further company coverage SGQ.TO

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