Merafe Resources

52% increase in TRIFR to
3.89
(2019: 2.56)

29% decrease in ferrochrome
production to 265kt
(2019: 371kt)

11% decrease in revenue to
R4 780 million
(2019: R5 379 million)

Increase in production cost
per tonne managed to 8%
(2019: 12% increase)

56% decrease in EBITDA to
R168 million
(2019: R379* million)

76% decrease in headline loss per
share to 0.8 cents
(2019: 3.4* cents)

26% decrease in basic loss per
share to 40.0 cents
(2019: 54.2 cents)

Net cash generated from
operating activities decreased to R495 million
(2019: R699* million)

Net cash of
R278 million
(2019: R354 million)

No dividend declared
(2019: 4 cents per share)