UK Earnings, Trading Statements Calendar | |
Friday, August 14 | |
Afarak | Half Year Results |
Biofrontera | Half Year Results |
Monday, August 17 | |
Bovis Homes | Half Year Results |
Clarkson | Half Year Results |
Tuesday, August 18 | |
Diverse Income Trust | Full Year Results |
Cairn Energy | Half Year Results |
H&T Group | Half Year Results |
John Menzies | Half Year Results |
Mears Group | Half Year Results |
Persimmon | Half Year Results |
John Wood | Half Year Results |
Wednesday August 19 | |
Glencore | Half Year Results |
Admiral | Half Year Results |
Imperial Tobacco Group | Q3 Interim Management Statement |
Hikma Pharmaceuticals | Half Year Results |
Inspired Energy | Half Year Results |
Hoschschild Mining | Half Year Results |
Thursday, August 20 | |
Premier Oil | Half Year Results |
Stock Spirits Group | Half Year Results |
Rank Group | Half Year Results |
Primary Health Property | Half Year Results |
Polypipe Group | Half Year Results |
TT Electronics | Half Year Results |
Harvey Nash | Half Year Results |
UK Commercial Property Trust | Half Year Results |
Costain Group | Half Year Results |
KAZ Minerals | Half Year Results |
New World Resources | Half Year Results |
Phoenix Group Holdings | Half Year Results |
Sportech | Half Year Results |
Sanne Group | Half Year Results |
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IN BRIEF: Afarak "proven right" on macro as profit and revenue down
Afarak Group SE - Helsinki-based speciality alloys supplier with operations in South Africa, Turkey and Germany - Pretax earnings for 2023 total EUR12.0 million, down from EUR49.2 million in 2022. Revenue decreases to EUR153.7 million from EUR198.7 million. Speciality alloys processed material sold increased 21% to 20,709 tonnes, and tonnage mined more than doubles to 336,601 tonnes. For the second half of the year, Afarak swings to an approximate EUR200,000 loss from the prior year's EUR26.6 million profit. Speciality alloys sales decrease 24% to 7,854 tonnes, but tonnage mined rises 86% to 173,629 tonnes. Cash balance at December 31 was EUR18.0 million, down from EUR19.9 million at June 30.
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