Afarak reports solid results in challenging market

  • 📰 MiningWeeklyCA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Specialist alloy producer Afarak Group increased revenue by 3.6% to €95.3-million during the six months to June 30, up from €92.1-million in the comparable period in 2022. Processed material sold decreased by 15.5% to 12 855 t, down from 15 205 t in the 2022 interim reporting period. However, tonnage mined increased significantly to 162 971 t, up from 39 109 t during the comparable 2022 period.

Specialist alloy producer Afarak Group increased revenue by 3.6% to €95.3-million during the six months to June 30, up from €92.1-million in the comparable period in 2022.

Earnings before interest, taxes, depreciation and amortisation to June 30 were €15.1-million, down from €24.5-million in the interim period to June 30, 2022. The group's Ebitda margin also declined to 15.8% during the half-year period, from 26.7% in the 2022 interim period.

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:

 /  🏆 48. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines