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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afarak Group Se | LSE:AFRK | London | Ordinary Share | FI0009800098 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 201.34M | 47.72M | 0.1937 | 1.03 | 49.27M |
TIDMAFAGR 08:00 London, 10:00 Helsinki, 29 April 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) Production report Q1 2021 The overall Afarak Group production during the first quarter of 2021 reduced by 50.6% when compared to same quarter of prior year. Q1/2021 Q1/2020 Change FY 2020 Group production mt 37,728 76,405 -50.6 % 214,775 Mining mt 31,384 59,950 -47.7 % 184,779 Processing mt 6,344 16,456 -61.4 % 29,997 Speciality Alloys production mt 25,838 27,168 -4.9% 89,715 Mining mt 19,494 19,105 2.0% 73,306 Processing mt 6,344 8,063 -21.3% 16,409 FerroAlloys production mt 11,890 49,237 -75.9% 125,060 Mining mt 11,890 40,844 -70.9% 111,472 Processing mt 0 8,393 -100.0% 13,588 Mining -- Afarak Group's mining activity decreased by 47.7% during the first quarter of 2021 when compared to same period of prior year. -- Reduced mining activity in the South African mines resulted in significant lower mining volumes due to low market prices and poor demand. -- The mining activity at the Turkish mines was at same level as same period last year as it increased marginally by 2.0%. Processing -- Processing volumes decreased by 75.9% during the first quarter of 2021 when compared to same period of the prior year. -- The retracted demand of low carbon ferrochrome during 2020 started to improve during the first quarter of 2021, however production was still lower when compared to prior year at EWW plant in Germany. -- The production in the FerroAlloys segment recorded during 2020 related to processed material at Mogale plants which was reclassed to discontinued operations during 2020. Helsinki, April 29, 2021 AFARAK GROUP PLC Board of Directors For additional information, please contact: Afarak Group Plc Guy Konsbruck, CEO, +356 2122 1566, https://www.globenewswire.com/Tracker?data=f4XAtHaUz9Iidx-_4AdZ6GpQHP1lwhsYO6eUoKmdlpcDDFTOy3IBBns9ySzV9G4LtqvzjMKEesxjMEvCXOGqSXH6h4ufyylpMAhoXB1jTA0o5qJEEXdQk8-InS4RWLxtymRBv5h5_Qd0-RgYXMrOYmENFslMU03EB_SvW2LZ3W1Iz-HdyaBWxq2tYS8iaXzmIDJAbomT__clWx_6nUGI1qKhDwBSeonMUk-n7sjNyrftYMHla_KiL9u9Addk-BRfESLyuBcJtGy4IVDOCDYOH0fd90Ie1xM_ztMB_r7aSyI= guy.konsbruck@afarak.com Financial reports and other investor information are available on the Company's website: https://www.globenewswire.com/Tracker?data=1DKTTSVltoZ53jPkx-FdhHmdFq__D3iks1GvYNqwYRd3PzCktouFTLMzieb4WgULhlQXnyvoiqk2belbGfOvnz_iehS9wtYzG1rJS9Hka8mXGlLoCl0979AH7xO9jJuUBC8Diu_aroWyPHDwKGanpn7Rt9uNVZ91Gf_8WiAT7o3bZd9DX_F6S7-kt6K_pYRrHYGLs4n7cctEWIq8JUCcqZEY8gxA3FmG9W9wQcnafBI= www.afarak.com. Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK). Distribution: NASDAQ Helsinki London Stock Exchange Main media https://www.globenewswire.com/Tracker?data=1DKTTSVltoZ53jPkx-FdhGYvYhQD7jDBdsf1HvoY8Dfk8dlRNAKCeg31SI1Td8RKezthwoWaDVYt8mQkbfQ1xqeywN1GuwCnegjbJPQ7XfH7NbckZJEIkS0sG3pgF6nbE3M3GcMeeuxky6ugAlztKMMPfiSv3t2C5Bk5xKTiK0_eNNFGy0u44nwzmAycGrYGXgO6Oaf8AThqgsv_GUeiH8Jo_z43h14H4lxsufsaLn0= www.afarak.com Attachment -- Afarak_Production report_2021_Q1_EN https://ml-eu.globenewswire.com/Resource/Download/59cf976e-aa63-4f60-ab31-901c7cc8ea85
(END) Dow Jones Newswires
April 29, 2021 03:14 ET (07:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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