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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 |
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TIDMAFAGR
10:00 London, 12:00 Helsinki, 1 April 2021 - Afarak Group Plc ("Afarak"
or "the Company") (LSE: AFRK, OMX: AFAGR)
RESULT WARNING: AFARAK GROUP RESSASSED ITS IMPAIRMENT TEST REVIEW
After the publication of the financial statement on 26 February 2021,
the Board of directors reassessed the impairment test review deciding
for an additional impairment of EUR 8.9 million on its South African
mining business as reported in the Financial statements of Afarak Group
plc published on 31 March 2021. In addition, a provision on a disputed
tax claim amounting to EUR 0.9 million was recorded.
Helsinki, April 1, 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=tho46yS8oivyNvZafcqsodGVBKiBlsa5dgow7ZJxwloM5RM-87baWKuLGApAHEBoUVDJgvTCBesbwStRQSyzsXLZivzEaY5jAhH_XyRDkLxr8p928JRGWrOLd_40w5zp
guy.konsbruck@afarak.com
Financial reports and other investor information are available on the
Company's website:
https://www.globenewswire.com/Tracker?data=0f8l72aMcnO2mBrZO562LGlIz0wqhkKNe2oAk5PXuc33ZjtXYaauQSWL18piwZexkO78hscn4OUXV3Mj7wK-2Q==
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=0f8l72aMcnO2mBrZO562LGFgN8dNPKNAu1p-uG8EG8csA_xKArRlmn97A4SJZqqatwykAtmjhi5pgatHfnlQTg==
www.afarak.com
(END) Dow Jones Newswires
April 01, 2021 05:04 ET (09:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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