Edition:
United States

Afarak Group Plc (AFAGR.HE)

AFAGR.HE on Helsinki Stock Exchange

0.98EUR
11:59am EDT
Change (% chg)

€-0.00 (-0.51%)
Prev Close
€0.98
Open
€0.99
Day's High
€0.99
Day's Low
€0.98
Volume
33,786
Avg. Vol
184,988
52-wk High
€1.20
52-wk Low
€0.75

Latest Key Developments (Source: Significant Developments)

Afarak Group Updates On Delisting Process
Wednesday, 11 Apr 2018 02:00am EDT 

April 11 (Reuters) - Afarak Group Plc ::UPDATE ON DELISTING PROCESS.IS WORKING ON A PLAN, REFLECTING INITIAL INTENTIONS PUBLISHED ON JANUARY 30, 2018.  Full Article

Afarak Group Increases Its Mining Capacity
Wednesday, 14 Mar 2018 03:00am EDT 

March 14 (Reuters) - AFARAK GROUP PLC ::REG-AFARAK GROUP INCREASES ITS MINING CAPACITY.ITS APPLICATION FOR A NEW ORDER MINING RIGHT ON ITS VLAKPOORT SITE HAS BEEN GRANTED.‍APPLICATION FOR A NEW ORDER MINING RIGHT ON ITS VLAKPOORT SITE HAS BEEN GRANTED​.PRODUCTION OF 20,000 TONNES PER MONTH ENVISAGED FROM QUARTER THREE.  Full Article

Afarak Group Q4 EBITDA Falls To EUR ‍2.6​ Million
Friday, 23 Feb 2018 02:10am EST 

Feb 23 (Reuters) - AFARAK GROUP PLC ::REG-STRONG RESULT IN 2017 AS FULL-YEAR EBITDA MORE THAN TRIPLED TO EUR 18.0 MILLION.Q4 REVENUE EUR ‍50.6​ MILLION VERSUS EUR 44.4 MILLION YEAR AGO.Q4 EBITDA EUR ‍2.6​ MILLION VERSUS EUR 4.3 MILLION YEAR AGO.DURING 2018, BOARD WILL BE PREPARING A PLAN FOR DELISTING FROM HELSINKI STOCK EXCHANGE.‍"DECREASE IN Q1 BENCHMARK IS EXPECTED TO IMPINGE ON OUR RESULTS.​".  Full Article

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