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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: 65 GBX

LSE:THS
Market: LSE
Market Cap: £173.3 m
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Tharisa PLC back at full capacity and reports 72% increase in first half profits

Tharisa PLC (LON:THS) CEO Phoevos Pouroulis speaks to Proactive London's Andrew Scott following the release of its interim results to March 2020. First-half profits jumped by 72% year-on-year, helped by a sharp increase in platinum group metal (PGM) prices. Tharisa ramped its mine back up...

1 week, 2 days ago

2 min read