Arcon turn around losses in H1

ISEQ-listed mining and mineral exploration company Arcon has announced a turnaround of last year's losses. The company made a net profit of €1m in the first half of this year, compared with a €4.9m loss in 2003.

Turnover (after smelter deductions) increased by 68% from €11m to €18.4m due to higher sale volumes, higher commodity prices and lower unit treatment charges, the company said today.