Tharisa, a platinum and chrome miner, reported a 29% slide in half-year profit on Thursday as costs and lower platinum group metal (PGM) prices weighed on the group’s financial performance.
For the six months ended in March, Tharisa reported post-tax profits of $39 million (about R713 million), while headline earnings per share decreased 25% to 13.2 dollar cents. Net cash flows from operating activities declined 11% to $86 million.
The group declared an interim dividend of 1.5 dollar cents per share, half the amount of the prior year.
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