FilingReader Intelligence
Merafe Resources declares dividend despite R233m profit decline
August 12, 2025 at 09:00 PM UTC•By 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
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