性爱无码高清电影|亚洲第一播放器|国产精品日日摸夜夜摸添孕妇|日本在线不卡免费|日韩A片大全在线观看|国产精品Av在线观看|欧美日韩另类一级二级|国产一区二区三区高清无码|成人网站在线观看视频|TS女神第一福利视频


Merafe declares cash dividend on record profit, elevated chrome

  • Tuesday, March 19, 2024
  • Source:ferro-alloys.com

  • Keywords:chrome, ferrochrome, iron, steel
[Fellow]Ferrochrome and chrome company Merafe achieved a record profit of R1,753-million despite what it describes as a challenging economic environment in the 12 months to December 31.

[Ferro-Alloys.com] 

Merafe declares cash dividend on record profit, elevated chrome

Ferrochrome and chrome company Merafe achieved a record profit of R1,753-million despite what it describes as a challenging economic environment in the 12 months to December 31.

Net cash generated by operating activities increased by 11% to R1,879-million, helping to take the cash balance to R1,656-million, while earnings before interest, taxes, depreciation and amortisation rose 18% to R2,545-million.
 
Ferrochrome production decreased by 22% to 300,000 t.
 
Chrome ore sales volumes were significantly elevated and realised prices increased owing to buoyant chrome demand and supply constraints. However, demand for ferrochrome was weaker compared with prior years, which resulted in lower sales volumes and lower realised prices.
 
Going forward, a slowdown will likely follow the resilience that characterised 2023, the company predicts, amid the Glencore-Merafe Chrome Venture having laid a foundation that should help the company to withstand looming headwinds.
 
The company opting to remain focused on efficient operations, cash preservation, cost control, and deft capital allocation. 
  • [Editor:邢亞敏]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!