BRIEF-Merafe Resources Says FY Headline Loss Per Share Of 1.8 Cents

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BRIEF-Merafe Resources Says FY Headline Loss Per Share Of 1.8 Cents
Credit: © Reuters.

March 9 (Reuters) - Merafe Resources Ltd MRFJ.J :

* SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS AND DIVIDEND DECLARATION FOR THE YEAR ENDED 31 DECEMBER 2019

* 4% DECREASE IN FY REVENUE TO R5 379 MILLION

* FY HEADLINE LOSS PER SHARE OF 1.8 CENTS

* 72% DECREASE IN TOTAL DIVIDEND TO R100 MILLION

* STAINLESS STEEL PRODUCTION IS EXPECTED TO GROW BY 3,2% IN 2020

* CHROME AND FERROCHROME PRICES ARE EXPECTED TO REMAIN UNDER PRESSURE IN SHORT TERM DUE TO OVERSUPPLY IN 2020

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