- Compass Group 887.00 0.00
- Croda Intl. 2,529.00 0.00
- Eurasian 254.80 0.00
- Hsbc Hldgs.uk 726.00 0.00
- Next 4,580.00 0.00
- Woburn Energy 1.50 0.00
- Xtract 0.13 0.00
IFL production falls
Wednesday, 25th April 2012
International Ferro Metals' alloy sales totalled 52,930 tonnes in then three months to the end of March - 9% down from the previous quarter but 9% up on a year ago.IFL said it moved back into overall profitability on a monthly basis for March and operations were cash generative.
Ferrochrome production fell to 48,762 tonnes in the period - down from 54,142 tonnes in the previous quarter and 51,446 tonnes a year ago.
Chief executive Chris Jordaan said: "International Ferro Metals is making excellent progress in improving its competitiveness through initiatives such as an improved reductant mix, furnace roof rebuild, the UG2 plant and the co-generation plant.
"his has been augmented by the attractive short term benefit of our agreement with Eskom, which is value accretive to shareholders.
"Underlying performance is strong, and the company's move into profitability from March demonstrates the momentum we have built up.
"This performance is expected to strengthen as the full benefit of the cost reduction projects, for example the CRP UG2 project amongst others, comes through.
"The board believes IFL is in a stronger position than for some time, and well placed to benefit from any further improvement in the ferrochrome market."
At 9:22am: (LON:IFL) share price was +1.75p at 17p
Story provided by StockMarketWire.com
Stock Market Update
Friday, 24th May 2013
END-OF-DAY REPORT: The headline index ended the day firmly lower, with activity light ahead of ...
Share News
Friday, 24th May 2013
HSBA HSBC HOLDINGS PLC ORD $0.50 (UK REG) value of shares traded £158,856,866 VOD VODAFONE GROUP PLC ORD ...
Friday, 24th May 2013
Sprue Aegis's independent directors have welcomed the lapsing of BRK's offer which received ...
Friday, 24th May 2013
Caza Oil & Gas's (LON:CAZA) shares soared after it agreed a $50m financing with Apollo ...
Friday, 24th May 2013
Updates from Amur Minerals, Arian Silver and Churchill Mining failed to impress the market and ...
SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. All share prices are provided by the London Stock Exchange, and are at least 15 minutes delayed.