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Investing company Tanfield posted a narrower first-half loss, due to it posting an impairment charge in the previous year.
Pre-tax losses for the six months through June amounted to £0.13m, compared to losses of £17.3m on-year.
Operating losses, however, rose to £0.13m, up from £0.09, due to additional legal fees associated with its investment in Snorkel International.