Kibo narrows losses in the move from mining to energy
The company recorded a pre-tax loss of R73m compared with last year’s R82m loss
Kibo Energy has narrowed its losses as it completes its transformation from a mining exploration company to a dedicated energy developer.
On Monday Kibo Energy reported a pre-tax loss of £4m (R73m) for the year to December from a loss of £4.5m (R82m), as its exploration spend more than halved. ..