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Afarak Group Plc (AFAGR.HE)

AFAGR.HE on Helsinki Stock Exchange

0.86EUR
15 Dec 2017
Change (% chg)

€-0.01 (-1.72%)
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€0.87
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€0.87
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€0.88
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€0.86
Volume
66,719
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153,111
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€1.15
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€0.40

Latest Key Developments (Source: Significant Developments)

Afarak Group gets Request To Delist From Helsinki Stock Exchange
Tuesday, 5 Dec 2017 10:25am EST 

Dec 5 (Reuters) - Afarak Group Plc ::RECEIVED A REQUEST TO PRESENT A PLAN TO DELIST FROM HELSINKI STOCK EXCHANGE.REQUEST FROM KERMAS RESOURCES LTD, REPRESENTING 26.90% OF SHARES AND VOTING RIGHTS,TO CONVENE AN EGM.BOARD OF DIRECTORS OF AFARAK GROUP WILL DISCUSS RECEIVED LETTER OF REQUEST.  Full Article

Afarak Group Q3 EBITDA loss at EUR ‍2.2​ mln
Friday, 17 Nov 2017 02:00am EST 

Nov 17 (Reuters) - AFARAK GROUP PLC ::Q3 EBITDA LOSS EUR ‍2.2​ MILLION VERSUS LOSS EUR 2.8 MILLION YEAR AGO.Q3 REVENUE EUR ‍44.2​ MILLION VERSUS EUR 28.9 MILLION YEAR AGO.‍INCREASE IN Q4 BENCHMARK PRICE FOR FERROCHROME IS EXPECTED TO CONTRIBUTE TO AN IMPROVED PERFORMANCE​.  Full Article

Afarak to acquire Zeerust chrome mine in South Africa
Wednesday, 27 Sep 2017 02:01am EDT 

Sept 27 (Reuters) - AFARAK GROUP PLC :REG-AFARAK TO ACQUIRE ZEERUST CHROME MINE IN SOUTH AFRICA.‍REACHED AN AGREEMENT IN PRINCIPLE TO ACQUIRE A 70% SHAREHOLDING IN ZCM FROM AFRIKA MINERAL TRADING & INVESTMENT TRUST​.‍TRANSACTION WILL AMOUNT TO ZAR20 MILLION AND WILL BE EFFECTED OVER A 12-MONTH PERIOD​.‍CONCLUSION OF FINAL SALE AND PURCHASE AGREEMENT IS PLANNED DURING MONTH OF OCTOBER 2017​.  Full Article

Afarak Group Q2 EBITDA jumps to EUR 4.8 mln
Friday, 11 Aug 2017 02:00am EDT 

Aug 11 (Reuters) - AFARAK GROUP PLC ::Q2 EBITDA EUR 4.8 MILLION VERSUS EUR 0.8 MILLION YEAR AGO.Q2 REVENUE EUR 47.4 MILLION VERSUS EUR 39.5 MILLION YEAR AGO.  Full Article

Afarak: Afarak Mogale to shut down for maintenance
Thursday, 22 Jun 2017 04:00am EDT 

June 22 (Reuters) - AFARAK GROUP PLC :REG-AFARAK MOGALE TO SHUT DOWN FOR MAINTENANCE.‍IT IS EXPECTED THAT AROUND 5,500 TONNES OF CHARGE CHROME WILL NOT BE PRODUCED.​.‍COMPANY IS STILL ASSESSING EXTENT OF IMPACT ON FINANCIAL PERFORMANCE IN Q3 AND HAS INITIATED TALKS WITH INSURERS.​.  Full Article

Afarak: Jelena Manojlovic appointed Chairman
Tuesday, 23 May 2017 10:42am EDT 

May 23 (Reuters) - AFARAK GROUP PLC :SAYS JELENA MANOJLOVIC WAS UNANIMOUSLY APPOINTED AS CHAIRMAN.  Full Article

Afarak Group Q1 EBITDA EUR 12.7 million
Friday, 12 May 2017 02:01am EDT 

May 12 (Reuters) - AFARAK GROUP PLC :Q1 REVENUE EUR 56.7 MILLION VERSUS EUR 40.8 MILLION YEAR AGO.Q1 EBITDA EUR 12.7 MILLION VERSUS EUR 3.3 MILLION YEAR AGO.EXTRAORDINARY EUR 0.02 PER SHARE DISTRIBUTION FROM INVESTED UNRESTRICTED EQUITY FUND IS NOW BEING RECOMMENDED.STILL EXPECTS IMPROVED PERFORMANCE IN Q2 2017 COMPARED TO A YEAR EARLIER, ALTHOUGH SUBDUED, WHEN COMPARED TO Q1 2017.  Full Article

Afarak Group says expects significantly better Q1 results
Thursday, 27 Apr 2017 07:00am EDT 

April 27 (Reuters) - AFARAK GROUP PLC :REG-PROFIT WARNING: AFARAK EXPECTS SIGNIFICANTLY BETTER QUARTER ONE RESULTS.SAYS IT IS EXPECTED THAT QUARTER ONE RESULTS FOR 2017 WILL BE AMONG HIGHEST RECORDED FOR COMPANY SINCE IT ENTERED MINERAL BUSINESS..EBIT IS EXPECTED TO REACH A LEVEL OF NOT LESS THAN EUR 10 MILLION..  Full Article

Afarak increases its production of ferrochrome
Thursday, 20 Apr 2017 02:03am EDT 

April 20 (Reuters) - AFARAK GROUP PLC :AFARAK GROUP INCREASES ITS PRODUCTION OF FERROCHROME.COMPLETES TRANSITION OF SECOND SILICOMANGANESE FURNACE TO FERROCHROME..SAYS IT IS EXPECTED THAT NEW FURNACE WILL BE PRODUCING AN ADDITIONAL 2,300 TONS PER MONTH.  Full Article

Afarak Group Q4 EBITDA rises to 4.3 million euros
Friday, 17 Feb 2017 02:00am EST 

Afarak Group Plc : Q4 revenue 44.4 million euros ($47.35 million) versus 49.2 million euros year ago . Q4 EBITDA 4.3 million euros versus 3.7 million euros year ago .Says expects significantly better results in Q1 2017 compared to Q1 2016 results.  Full Article