Afarak Group Plc revised earnings guidance for the full year of 2015. The Group estimates its revenue for 2015 to remain at the same levels of 2014 but for EBIT to significantly improve when compared to 2014. The increase is primarily due to the positive effect of exchange rates, in particular the strong US dollar and weak South African Rand, but also improved sales from the FerroAlloys division and the re-opening of the Mecklenburg mine in December 2014.
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- Afarak Group plc Revises Earnings Guidance for the Full Year of 2015