TUSKAR Resources has reduced its pre tax loss from £185,000 to £122,000 in the six months to September 30th, 1995. Sales fell from £217,000 to £162,000.

Shareholders' fund fell from £3.2 million to £3.1 million. Tuskar has an accumulated loss of £55.2 million in its revenue reserves and is seeking High Court approval to have its capital restructured. Tuskar is essentially a shell with some £1.37 million cash in its balance sheet.