Deep Yellow reports loss despite increased net asset value

Deep Yellow Limited (JSE:DYL) has announced its half-year financial results for the period ending December 31, 2024, revealing a continuing operating loss before income tax of USD 2,473,960, compared to a loss of USD 6,192,504 for the same period in 2023. The company's total comprehensive income, net of tax, amounted to USD 562,402, a decrease from a loss of USD 5,849,455 the previous year. Basic and diluted loss per share stood at (0.26) US cents, compared to (0.82) US cents in 2023. Despite these losses, the number of ordinary shares in issue increased to 972,361,825 and net asset value increased significantly to USD 620,956,663 compared to USD 374,660,167 in 2023. The company has declared no dividend for the period. Further details of the financial results can be found on Deep Yellow's website and the JSE's website.