FilingReader Intelligence

Merafe Resources declares dividend despite R233m profit decline

August 12, 2025 at 09:00 PM UTCBy FilingReader AI

Merafe Resources reported a R233 million profit decline for the six months ended June 30, 2025, due to economic downturn, high energy costs, and increased competition.

Ferrochrome sales volumes plummeted 55% to 76kt, while revenue fell 47% to R2.519 billion. Despite the poor performance, the board declared an interim dividend of 4 cents per share.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:MRFJohannesburg Stock Exchange
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