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Tharisa PLC books good cash and profit despite 'tough' first half

Phoevos Pouroulis, chief executive of Tharisa PLC (LON:THS), tells Proactive London's Andrew Scott that while the first half of the company's financial year presented a few challenges with lower chrome prices and reduced sales he's confident of a strong operational performance for the remainder of the year.

He says the benefits of the pit redesign should become evident in the second half and they're on track to achieve their FY2019 guidance of at least 150 koz PGMs and 1.4 Mt chrome concentrates.

Quick facts: Tharisa PLC

Price: 79.999 GBX

Market: LSE
Market Cap: £213.29 m

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Tharisa PLC still generating strong cash despite curtailed operational output

Tharisa PLC's (LON:THS) head of investor relations Ilja Graulich talks Proactive London's Andrew Scott through the group's results for the year to the end of September 2019. Tharisa posted sharply lower profits in the period as lower production and weaker chrome prices hit revenues however,...

on 29/11/19

2 min read