Half-year Report

RNS Number : 5239N

Tharisa PLC

21 May 2020

 

Tharisa plc

(Incorporated in the Republic of Cyprus with limited liability)

(Registration number HE223412)

JSE share code: THA

LSE share code: THS

A2X share code: THA

ISIN: CY0103562118

LEI: 213800WW4YWMVVZIJM90

('Tharisa' or the 'Company')

Reviewed interim results for the six months ended 31 March 2020

Tharisa, an integrated resources group incorporating exploration, mining, processing, beneficiation, marketing, sales and logistics of platinum group metals ('PGMs') and chrome concentrates, which owns and operates the large scale open pit Tharisa Minerals PGM and chrome mine situated in the North West province of South Africa, has released its interim results for the six months ended
31 March 2020.

REEF MINED 2.27 Mt up 2.3% (2019: 2.22 Mt) PGM PRODUCTION 5PGE+Au 66.5 koz down 1.6% (2019: 67.6 koz) CHROME CONCENTRATE PRODUCTION 652.6 kt up 6.3% (2019: 614.1 kt) REVENUE US$194.6 m up 16.9% (2019: US$166.5 m) OPERATING PROFIT US$22.3 m up 55.9% (2019: US$14.3 m) PROFIT BEFORE TAX US$17.5 m up 71.6% (2019: US$10.2 m) EBITDA US$36.2 m Up 20.3 % (2019: US$30.1 m) BASIC AND HEADLINE EARNINGS PER SHARE US 3.6 c and US 3.7 c HEPS down 7.5% (2019: US 3.6 c and US 4.0 c)

This short form announcement is the responsibility of the directors and is only a summary of the information in the full announcement. The full announcement was released on SENS and RNS on
21 May 2020, and can be found on the Company's website at  www.tharisa.com  and can also be viewed here,  https://senspdf.jse.co.za/documents/2020/jse/isse/THA/H1results.pdf . Copies of the announcement may also be requested at the Company's registered office, at no charge, during office hours.

RNS users please click on or paste the following link into your web browser to view the associated PDF document:

http://www.rns-pdf.londonstockexchange.com/rns/5239N_1-2020-5-20.pdf
 

Any investment decision should be based on the full announcement published on SENS and RNS.

By order of the Board

Paphos, Cyprus

21 May 2020

DIRECTORS

Loucas Pouroulis (Executive Chairman)

Phoevos Pouroulis (Chief Executive Officer)

Michael Jones (Chief Finance Officer)

David Salter (Lead independent non-executive director)

Antonios Djakouris (Independent non-executive director)

Omar Kamal (Independent non-executive director)

Carol Bell (Independent non-executive director)

Roger Davey (Independent non-executive director)

Julia Zhengzhi Hu (Non-executive director)

Zhong Liang Hong (Non-executive director)

REGISTERED ADDRESS

Office 108 - 110, S. Pittokopitis Business Centre

17 Neophytou Nicolaides and Kilkis Streets
8011 Paphos, Cyprus

www.tharisa.com

GROUP COMPANY SECRETARY

Sanet Findlay

The Crossing, 372 Main Road

Bryanston, Johannesburg 2021

South Africa

Email: [e-mail]

ASSISTANT COMPANY SECRETARY

Lysandros Lysandrides

26 Vyronos Avenue

1096 Nicosia

Cyprus

TRANSFER SECRETARIES

Computershare Investor Services Proprietary Limited, Cymain Registrars Limited

JSE SPONSOR

Investec Bank Limited

Investor relations contact:

Ilja Graulich (Head of Investor Relations and Communications)

[phone]

[phone]

[e-mail]  

Financial PR contacts:

Bobby Morse / James Husband

[phone]

[e-mail]  

Broker contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / David McKeown

[phone]

BMO Capital Markets Limited (UK Joint Broker)

Thomas Rider / Neil Elliot / Michael Rechsteiner

[phone]

Berenberg (UK Joint Broker)

Matthew Armitt / Jennifer Wyllie / Detlir Elezi

[phone]

Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)

Shabbir Norath

[phone]

 

END

 

 

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