Coal of Africa Limited (SAX:CZA) announces a loss of US$6.7 million for the year ended 30 June 2015.
The energy company reported a loss of US$84.1 million the previous period.
CEO David Brown notes that the results reflect the success of a necessary turn-around-strategy.
Coal of Africa noted positive progress with its flagship asset, the Makhado hard coking and thermal coal project.
The Company will now focus on securing project financing for Makhado.
No dividend was announced.
