Afarak Group SE (DI) (AFRK)

Sector:

Mining

 20.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 20.00
  • 52 Week Low: 20.00
  • Currency: UK Pounds
  • Shares Issued: 265.17m
  • Volume: 0
  • Market Cap: £53.03m

Afarak notes high ferrochrome, chrome ore prices of Q1 not sustainable

By Digital Look

Date: Friday 12 May 2017

LONDON (ShareCast) - (ShareCast News) - Shares in Afarak fell almost 11% as it said warned the high price levels for ferrochrome and chrome ore seen Q1 have not been sustainable over the longer term.
"We still expect improved performance in Q2 2017 compared to a year earlier, although subdued, when compared to Q1 2017 numbers," the company said.

Afarak posted first-quarter EBITDA of €12.7m, from €3.3m in the same three-month period a year ago. Revenue was €56.7m, from €40.8m. Profit was €4.2m, from €0.2m.

Chief executive Guy Konsbruck said, looking ahead, the volatility of the market remained a key risk and Afarak should not expect record performances on a quarterly basis.

"Afarak has had a very strong start to the year," he added, further noting the particularly higher ferrochrome and ore prices.

"However, this bullish market has already started to dampen and prices have reversed trends towards the end of quarter one, going into the second quarter."

At 11:57 BST, shares in Afarak were down 10.81% to 82.5p each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

AFRK Market Data

Currency UK Pounds
Share Price 20.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 20.00
52 Week Low 20.00
Volume 0
Shares Issued 265.17m
Market Cap £53.03m

AFRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
39.01% above the sector average39.01% above the sector average39.01% above the sector average39.01% above the sector average39.01% above the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
47.54% above the sector average47.54% above the sector average47.54% above the sector average47.54% above the sector average47.54% above the sector average

AFRK Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

AFRK Key Personnel

Chair Thorstein Abrahamsen
CEO Guy Konsbruck

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