Brief: Afarak Reports H1 EBITDA Of €1.6 Million
BRIEF-Afarak Reports H1 EBITDA Of €1.6 Million Aug 14 (Reuters) - Afarak Group SE AFAGR.HE:
H1 REVENUE €57.1 MILLION
H1 EBITDA €1.6 MILLION
H1 PRETAX PROFIT €100 THOUSAND
H1 EPS €0
H1 EBIT €500 THOUSAND
DEMAND FOR STANDARD GRADE LOW CARBON FERRO-CHROME IS EXPECTED TO IMPROVE AFTER SUMMER HOLIDAY
WEAK US$ WILL CONTINUE TO IMPACT PROFIT MARGINS
CHEAP IMPORTS FROM KAZAKHSTAN, TURKEY, BRASIL AND INDIA WILL CONTINUE TO WEIGH ON MARKET PRICE DEVELOPMENT
SOUTH AFRICAN CHROME ORE BUSINESS IS EXPECTED TO REMAIN STABLE
DEMAND FOR CR ORE IN CHINA IS CONTINUOUSLY GROWING
DISRUPTIONS CAUSED BY IRAN WAR AND UKRAINE WAR IMPACTED OUR CUSTOMER BASE GRAVELY
EXPECT DEMAND TO PICK UP AS OF SEPTEMBER, ESPECIALLY IF A RESOLUTION OF IRAN CONFLICT COULD BE REACHED QUICKLY
Source text: ID:nGNE8YGh0b
Further company coverage: AFAGR.HE
(Gdansk Newsroom)
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