BRIEF-Merafe Resources Reports 61% Decrease In EPS And HEPS In HY

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BRIEF-Merafe Resources Reports 61% Decrease In EPS And HEPS In HY
Credit: © Reuters.

Aug 5 (Reuters) - Merafe Resources Ltd MRFJ.J :

* MERAFE RESOURCES LTD - NO INTERIM DIVIDEND HAS BEEN DECLARED.

* MERAFE RESOURCES LTD - REGRETTABLY 1 FATALITY

* MERAFE RESOURCES LTD - MERAFE HAS PRODUCED A SUBDUED SET OF FINANCIAL RESULTS FOR SIX MONTH ENDED 30 JUNE 2019

* MERAFE RESOURCES LTD - HY PROFIT AFTER TAX DECREASED BY 61% MAINLY AS A RESULT OF LOWER FERROCHROME AND CHROME ORE PRICES

* MERAFE RESOURCES LTD - PRICE AND EXCHANGE RATE VOLATILITY ARE EXPECTED TO CONTINUE

* MERAFE RESOURCES LTD - HY 2% DECREASE IN FERROCHROME PRODUCTION TO 206KT (JUNE 2018: 211KT)

* MERAFE RESOURCES LTD - HY 3% INCREASE IN REVENUE TO R2 789M (JUNE 2018: R2 721M)

* MERAFE RESOURCES LTD - HY 61% DECREASE IN EPS AND HEPS TO 6.6 CENTS (JUNE 2018: 16.9 CENTS)

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