High prices support Afarak Q3 turnover but loss widens vs last year
Published: Monday, 20 November 2017
The company benefited from high prices in both ferroalloys and speciality materials including foundry chromite but an increase in costs among other factors caused its third-quarter loss to widen year on year.
Afarak Group Plc attributed strong revenue growth in the
third quarter to higher sales prices in ferroalloys and
speciality materials including foundry chromite but its loss
widened from a year earlier due to seasonal downtrends and
A 53% year-on-year rise in third-quarter revenues to
€44.2 million ($52.1 million)...