Rockhopper's trimmed losses miss forecasts

North Falkland Basin oil and gas group Rockhopper Exploration saw losses shrink in the year ended March 31st as impairment charges more than halved.

North Falkland Basin oil and gas group Rockhopper Exploration saw losses shrink in the year ended March 31st as impairment charges more than halved.

The firm, which is yet to generate any revenues as it ramps up operations, said that its pre-tax loss for the period improved from $87.2m to $53.8m, as the impairment charge dropped from $68.1m to $26.4m. However, the consensus estimate was for a loss of $29.6m.

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