Tharisa warns of lower interim earnings
South African- and London-listed Tharisa expects its basic earnings per share (EPS) for the six months ended March 31 to be between $0.02 and $0.03 a share.
This is a decrease of 76.6% to 84.3% relative to the EPS of $0.13 a share reported for the six months ended March 31, 2024.
Headline earnings per share (HEPS) for the six months under review are also expected to be between $0.02 and $0.03 a share, which is a decrease of 77.2% to 84.8% relative to the HEPS of $0.13 a share reported for the prior comparable period.
The company reiterates that, as noted in an April 10 production report, it had faced unprecedented weather-related operational challenges during the six months under review and that the chrome price has also been weaker on a year-by-year basis.
Tharisa expects to publish its financial results for the interim period on May 22.
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