News Formal

Assore reports record earnings as well as good safety figures

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Malaysia News News

Headline earnings increase by 41% due to high iron ore and manganese prices and a weak rand

Assore, a tightly held mineral resources company, has reported record earnings for the third consecutive year.

Assore’s primary investment is a 50% holding in Assmang, which it controls jointly with Patrice Motsepe’s African Rainbow Minerals . The attributable profit for Assore’s Dwarsrivier chrome operations, however, declined by 41% to R516m due to lower prices for chrome ore and increased operating costs. The reduced profit was compounded by a labour strike at the mine in March this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Controversial debt-relief law taking a bite out of earnings, says TFGThe group says it is being cautious in extending credit, but reported 14.1% growth in cash turnover for TFG Africa for the first 21 weeks of its 2020 year
Source: BDliveSA - 🏆 12. / 63 Read more »