Afarak Group Share News (AFRK)

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.

Afarak appoints Roman Lurf as CEO and Kylie Gauci as CFO from July 1

(Alliance News) - Afarak Group SE on Wednesday announced a new chief executive officer and a new chief financial officer starting on July 1.

Afarak 2022 profit surges as revenue doubles on higher sales

(Alliance News) - Afarak Group SE on Friday reported a recovery in profit for 2022 as sales increased.

TRADING UPDATES: IG Design starts year well; Ilika in Stereax progress

TRADING UPDATES: IG Design starts year well; Ilika in Stereax progress

IN BRIEF: Afarak earnings improve despite first half "difficult times"

IN BRIEF: Afarak earnings improve despite first half "difficult times"

Afarak Group Halts Share Delisting From Helsinki Exchange (ALLISS)

LONDON (Alliance News) - Alloys producer Afarak Group PLC said Tuesday that it has halted the redomiciliation of the company and delisting of its shares from the Helsinki stock exchange.The

Afarak Strikes Deal To Buy 10% Subsidiary Stake From Workers Trust

Afarak swings to loss as production softens significantly

(ShareCast News) - Afarak Group posted its unaudited interim report for its third quarter to 30 September on Friday, with revenue decreasing 35.4% to €35.4bn. The company reported an EBITDA loss of €2.8m, down from earnings of €1.3m at the same time last year, with an EBITDA margin of -9.8%, compare

Afarak Group shares slides as profit guidance raised

(ShareCast News) - Shares in Afarak Group rose after the steel company said its full year profits would be "significantly" higher in 2015. The Finland-based metals firm's share price fell by 16.92% to 27p at 1135 BST, after the announcement. In its last update in May, Afarak had said full year profi

Afarak Expecting Full Year Earnings To "Significantly Improve" In 2015

LONDON MARKET EARLY CALL: Stocks Under Pressure As Oil Hits 6-Year Low

Earnings, Trading Statements Calendar - Week Ahead

LONDON MARKET CLOSE: "Fed-Pleasing" US Data Trims China-Inspired Gains

Earnings, Trading Statements Calendar - Week Ahead