Ecora Resources posts big profit after strong Kestrel performance @EcoraResources #LSE #TSX #OTCQX #ECOR #ECRAF. Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) saw a near US$28 million swing into the black in its latest half-year as the royalty specialist received a bumper contribution from its Kestrel asset in Australia.
Profits jumped to US$17.9 million from a loss of US$10.2 million, as total income rose to US$51.3 million (from US$44.5 million) in the six months to end June 2024 with Kestrel contributing around 80% of royalties.
Income from its other royalties and interests was largely flat.
Marc Bishop Lafleche, chief executive, commented: "Our... http://ow.ly/eJuO105HBw4
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