AFARAK GROUP PLC'S PUBLISHES FINANCIAL STATEMEN...

16:00 London, 18:00 Helsinki, 30 March 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, OMX: AFAGR) Annual Financial Report

AFARAK GROUP PLC'S PUBLISHES FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 1 JANUARY - 31 DECEMBER 2017

Afarak Group plc ("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR) announces that it has published today its Annual Report for the year ended 31 December 2017 which is available from the Company's website www.afarak.com.

The Annual Report for 2016 includes a detailed Strategic Review which analysis the Company's operational and financial performance, risk management and a sustainability review with a focus on the initiatives undertaken with respect to health & safety, host communities and the environment.  A Governance Review highlighting the Board's work during 2016 and initiatives related to Corporate Governance is also included.  The Annual Report also includes an updated Resources and Reserves Statement for the Company's mining assets in South Africa following activities over the course of 2017.

Commenting on the Annual Report, Guy Konsbruck, CEO of Afarak, said that "This year's Annual Report highlights our record results in 2017. Our performance was underpinned by a clear focus on improving operational efficiencies and on making Afarak more adaptable to the favourable market conditions." 

Jelena Manojlovic, Chairman of Afarak added that, "2017 will be remembered not only for the record results but for the turnaround and renewal of the organisation. Although the positive results were largely supported by the favourable market conditions, the internal restructuring and implementation of a new growth vision and strategy by the Board and Management played a key role."

A copy of the Annual Report 2017 has been submitted to the UK's National Storage Mechanism    and    will    shortly    be    available    for    inspection   at www.hemscott.com/nsm.do.

Afarak will hold its 2017 Annual General Meeting in Helsinki on 29 May 2018. The notice of the meeting will be released in April 2018. 

Guy Konsbruck
CEO

For additional information, please contact:

Afarak Group Plc

Guy Konsbruck, CEO, [phone], [e-mail]
Jean Paul Fabri, [phone], [e-mail]

Financial reports and other investor information are available on the Company's website: www.afarak.com.

Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).

Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media

www.afarak.com

Afarak AR 2017

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Source: Afarak Group via Globenewswire