Tharisa reports big drop in profit as it invests for future
Lower revenue and greater cost of sales weigh on miner’s interim results
19 May 2023 - 08:53
UPDATED 19 May 2023 - 16:54
Lower revenue and greater cost of sales cut into the net interim profit of chrome and platinum group metals (PGMs) miner Tharisa, while it looks to invest as it aims to cash in on the energy transition.
The company, valued at R6.2bn on the JSE, reported in its results for the six months to end-March that gross profit (revenue minus the cost of sales) fell 23.7% to $93.6m and net profit slumped 46.2% to $54.7m...
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