KEY FEATURES
-
1%
Production
2016: 196kt
2015: 195kt -
14%
Sales
2016: 218kt
2015: 191kt -
4%
TRIFR
2016: 4.00
2015 Dec: 4.17 -
24%
EBITDA
2016: R257m
2015: R336m -
54%
Headline earnings per share
2016: 2.3 cents
2015: 5.0 cents -
49%
Cash from operating activities of
2016: R372m
2015: R249m
dividend of
R20m
-
Preparation
Preparation of this report
The following individuals were responsible for the preparation of the condensed consolidated interim financial statements:
- Kajal Bissessor CA(SA)
- Financial Director
- Zanele Matlala CA(SA)
- Chief Executive Officer
These results were published on
1 August 2016 -
Commentary
Commentary
The first six months of 2016 were characterised by low commodity prices and significant fluctuation in the Rand/US Dollar exchange rate. The global stainless steel and ferrochrome markets were not immune to these influences, and as a result experienced an extremely volatile first quarter of 2016... Read more