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Afarak Group Oyj (AFAGR.HE)

Helsinki - Helsinki Real-time price. Currency in EUR
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0.2180-0.0020 (-0.91%)
At close: 6:29PM EEST
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Previous close0.2200
Open0.2200
Bid0.2110 x 0
Ask0.2180 x 0
Day's range0.2100 - 0.2200
52-week range0.1470 - 0.4890
Volume143,395
Avg. volume125,352
Market cap54.256M
Beta (5Y monthly)1.33
PE ratio (TTM)N/A
EPS (TTM)-0.0740
Earnings date26 Feb 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend date31 May 2017
1y target est0.75
  • Globe Newswire

    AFARAK GROUP: PRODUCTION REPORT Q1 2021

    08:00 London, 10:00 Helsinki, 29 April 2021 - Afarak Group Plc (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR) Production report Q1 2021 The overall Afarak Group production during the first quarter of 2021 reduced by 50.6% when compared to same quarter of prior year. Q1/2021Q1/2020ChangeFY 2020 Group productionmt37,72876,405-50.6 %214,775 Miningmt31,38459,950-47.7 %184,779 Processingmt6,34416,456-61.4 %29,997 Speciality Alloys productionmt25,83827,168-4.9%89,715 Miningmt19,49419,1052.0%73,306 Processingmt6,3448,063-21.3%16,409 FerroAlloys productionmt11,89049,237-75.9%125,060 Miningmt11,89040,844-70.9%111,472 Processingmt08,393-100.0%13,588 Mining Afarak Group’s mining activity decreased by 47.7% during the first quarter of 2021 when compared to same period of prior year.Reduced mining activity in the South African mines resulted in significant lower mining volumes due to low market prices and poor demand.The mining activity at the Turkish mines was at same level as same period last year as it increased marginally by 2.0%. Processing Processing volumes decreased by 75.9% during the first quarter of 2021 when compared to same period of the prior year.The retracted demand of low carbon ferrochrome during 2020 started to improve during the first quarter of 2021, however production was still lower when compared to prior year at EWW plant in Germany.The production in the FerroAlloys segment recorded during 2020 related to processed material at Mogale plants which was reclassed to discontinued operations during 2020. Helsinki, April 29, 2021 AFARAK GROUP PLC Board of Directors For additional information, please contact: Afarak Group Plc Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com 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 Attachment Afarak_Production report_2021_Q1_EN

  • Globe Newswire

    AFARAK GROUP PLC'S PUBLISHES FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 1 JANUARY - 31 DECEMBER 2020

    17:00 London, 19:00 Helsinki, 1 April 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, OMX: AFAGR) AFARAK GROUP PLC'S PUBLISHES FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 1 JANUARY - 31 DECEMBER 2020 Afarak Group announces that it has published today its Annual Report for the year ended 31 December 2020 which is available from the Company's website www.afarak.com. The Annual Report for 2020 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 2020 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 and Turkey following activities over the course of 2020. Commenting on the Annual Report, Guy Konsbruck, CEO of Afarak, said that "2020 was another bad year for the complete Ferro-Chrome industry. The pandemic led to world-wide collapse of demand with low prices. The South African energy prices made it impossible for Afarak to continue operations and the decision had to be taken to put Mogale into business rescue. Our Specialty Alloys segment also had to cope with falling market prices and reduced demand therefore underperformed, when compared to previous years. We have widely continued to temporarily stop mining operations in all mines. Some sites like Stellite and Zeerust continue to treat tailings, and/or toll-treat for third parties.” A copy of the Annual Report 2020 has been submitted to the UK's National Storage Mechanism. Afarak will hold its 2021 Annual General Meeting in Helsinki on within the time stipulated in the Finnish Companies Act. Helsinki, April 1, 2021 AFARAK GROUP PLC Board of Directors For additional information, please contact: Afarak Group Plc Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com 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 Attachment AFARAK ANNUAL REPORT 2020

  • Globe Newswire

    RESULT WARNING: AFARAK GROUP REASSESSED ITS IMPAIRMENT TEST REVIEW

    10:00 London, 12:00 Helsinki, 1 April 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, OMX: AFAGR) RESULT WARNING: AFARAK GROUP RESSASSED ITS IMPAIRMENT TEST REVIEW After the publication of the financial statement on 26 February 2021, the Board of directors reassessed the impairment test review deciding for an additional impairment of EUR 8.9 million on its South African mining business as reported in the Financial statements of Afarak Group plc published on 31 March 2021. In addition, a provision on a disputed tax claim amounting to EUR 0.9 million was recorded. Helsinki, April 1, 2021 AFARAK GROUP PLC Board of Directors For additional information, please contact: Afarak Group Plc Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com 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