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Tanfield ( (GB:TAN) ) just unveiled an announcement.
Tanfield Group PLC has released its interim results for the six-month period ending June 30, 2025, reporting a loss of £540k, up from £97k in the same period last year, primarily due to increased legal fees related to ongoing US legal proceedings. The company has secured a partial summary judgment in its favor, which could impact the valuation of its Snorkel investment, currently valued at £19.1m. Despite the ongoing legal challenges, Tanfield remains optimistic about a favorable outcome and continues to defend its position vigorously.
More about Tanfield
Tanfield Group PLC is an investing company operating under AIM Rules, with a significant focus on its 49% equity stake in Snorkel International Holdings LLC, a result of a joint venture with Xtreme Manufacturing LLC. The company’s market focus is primarily on managing and maximizing the value of its investments, particularly in the industrial equipment sector.
Average Trading Volume: 23,784
Technical Sentiment Signal: Hold
Current Market Cap: £7.33M
For a thorough assessment of TAN stock, go to TipRanks’ Stock Analysis page.