leadf
logo-loader
viewTharisa PLC

Tharisa PLC - Final Results

RNS Number : 9654U
Tharisa PLC
28 November 2019
 

 

 

 

Tharisa

Annual results

 

For the year ended 30 September 2019

 

Tharisa plc (Incorporated in the Republic of Cyprus with limited liability) (Registration number: HE223412)

JSE share code: THA LSE share code: THS A2X share code: THA ISIN: CY0103562118 ('the Company')

 

Tharisa plc, an integrated resources group incorporating exploration, mining, processing, beneficiation, marketing, sales and logistics of platinum group metals ('PGMs') and chrome concentrates, which owns and operates the large scale open pit Tharisa Minerals PGM and chrome mine situated in the North West province of South Africa, has released its annual results for the financial year ended 30 September 2019.

 

REEF MINED

 

PGM PRODUCTION
(5PGE + Au)

 

CHROME CONCENTRATE
PRODUCTION

4.63 Mt

 

139.7 koz

 

1.29 Mt

down 5.1%

 

down 8.2%

 

down 10.9%

(FY2018: 4.88 Mt)

 

(FY2018: 152.2 koz)

 

(FY2018: 1.45 Mt)

 

 

 

 

 

REVENUE

 

OPERATING PROFIT

 

EBITDA

US$342.9 m

 

US$24.2 m

 

US$51.6 m

down 15.6%

 

down 66.6%

 

down 49.4%

(FY2018: US$406.3 m)

 

(FY2018: US$72.5 m)

 

(FY2018: US$101.9 m)

 

 

 

 

 

PROFIT BEFORE TAX

 

EPS AND HEPS

 

PROPOSED TOTAL DIVIDEND*

US$11.2 m

 

US 4 c/5 c

 

US 0.75 c

down 82.8%

 

down 78.9%

 

23.7% of NPAT

(FY2018: US$65.0 m)

 

(FY2018: US 19 c)

 

(FY2018: US 4 c)

* Includes interim distribution of US 0.5 c

 

This short form announcement is the responsibility of the directors and is only a summary of the information in the full announcement. The full announcement was released on SENS and RNS on 28 November 2019, and can be found on the Company's website at www.tharisa.com and can also be viewed here, https://senspdf.jse.co.za/documents/2019/jse/isse/THA/FYresults.pdf. Copies of the announcement may also be requested at the Company's registered office, at no charge, during office hours.

 

RNS users please click on or paste the following link into your web browser to view the assiciated PDF document:

 

http://www.rns-pdf.londonstockexchange.com/rns/9654U_1-2019-11-28.pdf

 

Any investment decision should be based on the full announcement published on SENS and RNS.

 

By order of the Board

 

P Pouroulis Chief Executive Officer     MG Jones Chief Finance Officer

28 November 2019

 

DIRECTORS

Loucas Pouroulis (Executive Chairman)

Phoevos Pouroulis (Chief Executive Officer)

Michael Jones (Chief Finance Officer)

David Salter (Lead independent non-executive director)

Antonios Djakouris (Independent non-executive director)

Omar Kamal (Independent non-executive director)

Carol Bell (Independent non-executive director)

Roger Davey (Independent non-executive director)

Joanna Cheng (Non-executive director)

Zhong Liang Hong (Non-executive director)

 

 

 

REGISTERED ADDRESS

Office 108 - 110, S. Pittokopitis Business Centre

17 Neophytou Nicolaides and Kilkis Streets
8011 Paphos, Cyprus

www.tharisa.com

 

GROUP COMPANY SECRETARY

Sanet Findlay

The Crossing, 372 Main Road

Bryanston, Johannesburg 2021

South Africa

Email: [email protected]

 

ASSISTANT COMPANY SECRETARY

Lysandros Lysandrides

26 Vyronos Avenue

1096 Nicosia

Cyprus

 

TRANSFER SECRETARIES

Computershare Investor Services Proprietary Limited, Cymain Registrars Limited

 

JSE SPONSOR

Investec Bank Limited

 

 

INVESTOR RELATIONS CONTACTS:

Ilja Graulich (Head of Investor Relations and Communications)

+27 11 996 3500

+27 83 604 0820

[email protected] 

Daniel Thöle (Investor Relations and Communications)

+27 11 996 3500

 

FINANCIAL PR CONTACTS:

Bobby Morse / Augustine Chipungu

+44 020 7466 5000

[email protected] 

 

BROKER CONTACTS:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / James Bavister / David McKeown

+44 207 7418 8900

 

BMO Capital Markets Limited (UK Joint Broker)

Thomas Rider / Neil Elliot / Michael Rechsteiner

+44 020 7236 1010

 

Berenberg (UK Joint Broker)

Matthew Armitt / Detlir Elezi

+44 20 3207 7800

 

Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)

Shabbir Norath

+27 11 295 6575

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
FR LIFEELFLTFIA

Quick facts: Tharisa PLC

Price: 76.5

Market: LSE
Market Cap: £203.96 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Tharisa CEO reports on 'knock-out' quarter for productivity

Tharisa PLC's (LON:THS) Phoevos Pouroulis tells Proactive London's Andrew Scott they delivered what he describes as a knock-out quarter in terms of productivity with both May and June achieving consecutive record ROM output levels. ''In a very challenging environment with the pandemic taking...

on 9/7/20