(Alliance News) - Tharisa PLC on Wednesday said it expects to post a significant rise in earnings for the first half of its financial year, on the back of improved production in the second quarter.
The Cyprus and South Africa-focused platinum and chrome producer said for the six months ended March 31, it expects basic earnings per share to come between 21 and 22 US cents, a near sevenfold rise from 3.6 cents in the same period a year ago.
Headline earnings per share is set to rise to within the same range, compared to 3.7 cents a year before.
In mid-April, Tharisa said that, for the second quarter to the end of March, 6E platinum group metals output rose 12% year-on-year to 35,800 ounces from 32,100 ounces, while chrome concentrate output rose 16% to 358,400 tonnes from 310,100 tonnes.
Tharisa will publish its interim results on or about May 27.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Tharisa (THS)