Sign up to The Irish Times Archive (1859 - 2008)My Account »

Sat 11 Nov 2002Ovoca reduces losses and decides to abandon Galway joint ventureExploration group Ovoca Resources has reduced losses in the year to the end of February last. The company operates in mineral exploration and energy storage in Ireland.The company recorded a pre-tax loss of €146,639 or 51 cents per share, down from €204,515 or 63 cents per share in the previous year. The company has cumulative losses of €5.28 million.