Atlantic Sapphire AsaOSL: ASA

ASA: Net loss of USD 52m in H1 2024, with operational improvements and capital raise underway

· Issued by Atlantic Sapphire ASA

Atlantic Sapphire reported a net loss of USD 52m in H1 2024 amid low sales prices and operational challenges, but expects improved margins and cash flow as Phase 1 optimization progresses and capital is raised for further expansion.

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