Getting media coverage29 Sep 2023 13:13
Kropz PLC, up 14% at 2.00 pence, 12-month range 1.25-8.00p. On Thursday, the South Africa-focused phosphate producer and developer said it narrowed its pretax loss significantly to USD4.0 million in the first half of 2023 from USD61.0 million the year prior. It recorded USD14.1 million in revenue, compared to none a year prior. "With the unexpected record rainfall experienced in the Western Cape the mining plan was amended to consider higher rainfall in winter periods to minimise the effects of wet mining conditions," the company noted. Looking ahead, Kropz expects to stay in operational existence until at least December next year.