Tanfield (GB:TAN) has released an update.
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Tanfield Group PLC has reported a slight reduction in its H1 2024 losses to £97k, attributed to lowered operating expenses and increased finance income, down from £154k in H1 2023. The investment in Snorkel International Holdings LLC, valued at £19.1m, has shown improved performance with sales up by 11.8% and a shift to an EBITDA profit in 2023. The company, which is actively engaged in ongoing US legal proceedings, is set to defend its position with updates to shareholders promised as necessary.
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