Sallies' 2008 targets impossible

Published: Thursday, 29 November 2007

26 October 2007
South African fluorspar producer unable to meet its 2008 profit forecast

Further to the announcement that struggling South African fluorspar producer, Sallies Ltd, had failed to report its annual results before the JSE deadline (see IM November '07, p.12), the company has announced that its profit forecast of ZAR30m.-ZAR40m. (~$4.5m.-$6m.) for the 2008 fiscal year will not be achieved, following another...

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