Tharisa FY earnings down 49.4% amid chrome price drop
Published: Thursday, 28 November 2019
Tharisa reported a halving of its full-year earnings days after warning that lower chrome prices would significantly affect its financial performance.
The South African chrome miner’s earnings
before interest tax, depreciation and amortization (ebitda) for
the 12 months to September 30 dropped by 49.4% to $56.1 million
from the previous financial year earlier.
It also reported a 15.6% drop in revenue to $342.9 million,
which it attributed to...