logo-loader
viewTharisa PLC

Tharisa PLC - Half-year Report

RNS Number : 5239N
Tharisa PLC
21 May 2020
 

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

LEI: 213800WW4YWMVVZIJM90

('Tharisa' or the 'Company')

 

Reviewed interim results for the six months ended 31 March 2020

 

Tharisa, 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 interim results for the six months ended
31 March 2020.

 

REEF MINED

2.27 Mt

up 2.3%

(2019: 2.22 Mt)

 

PGM PRODUCTION

5PGE+Au

66.5 koz

down 1.6%

(2019: 67.6 koz)

CHROME CONCENTRATE PRODUCTION

652.6 kt

up 6.3%

(2019: 614.1 kt)

 

REVENUE

US$194.6 m

up 16.9%

(2019: US$166.5 m)

 

 

OPERATING PROFIT

US$22.3 m

up 55.9%

(2019: US$14.3 m)

 

PROFIT BEFORE TAX

US$17.5 m

up 71.6%

(2019: US$10.2 m)

 

EBITDA

US$36.2 m

Up 20.3 %

(2019: US$30.1 m)

BASIC AND HEADLINE EARNINGS PER SHARE

US 3.6 c and US 3.7 c

HEPS down 7.5%

(2019: US 3.6 c and US 4.0 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
21 May 2020, 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/2020/jse/isse/THA/H1results.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 associated PDF document:

 

http://www.rns-pdf.londonstockexchange.com/rns/5239N_1-2020-5-20.pdf
 

 

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

 

By order of the Board

 

Paphos, Cyprus

21 May 2020

 

 

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)

Julia Zhengzhi Hu (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 contact:

Ilja Graulich (Head of Investor Relations and Communications)

+27 11 996 3500

+27 83 604 0820

[email protected] 

 

Financial PR contacts:

Bobby Morse / James Husband

+44 020 7466 5000

[email protected] 

 

Broker contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / 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 / Jennifer Wyllie / 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
 
 
IR ZZGZKDGMGGZM

Quick facts: Tharisa PLC

Price: 66

Market: LSE
Market Cap: £175.96 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

Watch

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...

5 days, 12 hours ago