MERAFE:  122   -3 (-2.40%)  16/06/2019 00:00

Merafe Resources FY 25 Pct Decrease In HEPS To 27.2 Cents

March 11 (Reuters) - Merafe Resources Ltd:

* FY 5% DECREASE IN REVENUE TO R5 606 MILLION (2017: R5 889 MILLION)

* FY 25% DECREASE IN HEPS TO 27.2 CENTS (2017: 36.4 CENTS)

* FY 16% INCREASE IN TOTAL DIVIDEND TO A RECORD R351 MILLION (2017: R301 MILLION)

* FY 3% INCREASE IN FERROCHROME PRODUCTION TO 407KT (2017: 395KT)

* FY INCREASE IN PRODUCTION COST PER TONNE MANAGED TO 9%

* GLOBAL GDP AND STAINLESS STEEL PRODUCTION ARE BOTH FORECAST TO GROW IN 2019

* UNCERTAINTY CREATED BY GEOPOLITICAL EVENTS SUCH AS BREXIT AND TRADE WARS RESULTED IN LOWER REALISED CIF FERROCHROME PRICES Source text for Eikon: Further company coverage:

2019-03-11 08:12:59

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