Monday, September 04, 2006

Titanium Resources Group Ltd said its interim losses have narrowed substantially after it recorded sales of 14.9 mln use during the period.

In the six months to June 30, net losses narrowed to 5.2 mln usd from 13.6 mln previously.

Chief Executive Len Comerford said: 'We are now focusing on expanding operations and reducing costs through production efficiencies. The outlook is extremely good.'

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