Merafe Resources Expects an Increase in its Earnings for The Year

  • Thursday, February 4, 2016
  • Source:ferro-alloys.com

  • Keywords:Ferrochrome
[Fellow]Merafe Resources Limited, a South African-based ferrochrome exploration and development company, released its production report and trading statement for the year ended 31 December 2015.
[Ferro-Alloys.com]Merafe Resources Limited, a South African-based ferrochrome exploration and development company, released its production report and trading statement for the year ended 31 December 2015.
 
Merafe Resources expects Basic earnings per Share to be between 13 cents and 15 cents, an increase when compared to 8.6 cents recorded for the year ended 31 December 2014. This represents an increase of between 51% and 74% for the year ended 31 December 2015. 
 
Headline Earnings per Share were recorded at 13.0 cents and 15.0 cents, representing an increase of between 55% and 79% when compared to 8.4 cents recorded for the previous corresponding period.  
Merafe Resources is JSE listed.
 
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  • [Editor:Sophie]

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