Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Interruptions in production, lower sales volumes, higher production costs and one-off items impacted negatively on International Ferro Metals’ (IFM’s) results for the six months ended December 31, resulting in a net loss of R175.6-million, compared with a net profit of R32.3-million in the prior comparable period. IFM CEO Chris Jordaan added that market conditions had also negatively impacted results, with the benchmark ferrochrome price having fallen by more than 6% in the period under review.
Interruptions in production, lower sales volumes, higher production costs and one-off items impacted negatively on International Ferro Metals’ (IFM’s) results for the six months ended December 31, resulting in a net loss of R175.6-million, compared with a net profit of R32.3-million in the prior comparable period. IFM CEO Chris Jordaan added that market conditions had also negatively impacted results, with the benchmark ferrochrome price having fallen by more than 6% in the period under review.
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