DIFFICULT CONDITIONS IN FERRO-ALLOY SEGMENT IMPACT OVERALL FINANCIAL PERFORMANCE
(WorldNews Finland)

07:00 London, 09:00 Helsinki, August 10, 2018 - Afarak Group Plc (`Afarak` or `the Company`) DIFFICULT CONDITIONS IN FERRO-ALLOY SEGMENT IMPACT OVERALL FINANCIAL PERFORMANCE Quarter two of 2018 was particularly difficult for Afarak. The FerroAlloys segment showed a bad performance and negatively affected the Group`s financial result. This was mainly due to low quality ore bodies encountered, which had a significant impact on the operations in South Africa Q2/18 Q2/17 Q1/18 H1/18 H1/17 2017 Revenue EUR million 54.3 47.4 50.2 104.5 104.1 198.8 EBITDA EUR million 1.2 4.8 -0.7 0.5 17.5 18.0 EBIT EUR million -0.4 3.3 -2.4 -2.8 14.4 11.4 Earnings before taxes EUR million -3.3 1.0 -2.5 -5.8 7.8 4.2...