Dow Jones Africa Titans 50 Index

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02:30pm	South Africa views BHP bid for Anglo as 'normal market activity'	RE
02:11pm	Bridgewater, Global Citizen partner to raise loans for developing countries	RE

Kropz interim loss narrows as notes record rainfall

September 28, 2023 at 09:08 am EDT

Kropz PLC - South Africa-focused phosphate producer and developer - In the six months to June 30, pretax loss narrows to USD4.0 million from USD61.0 million a year prior. Reports USD14.1 million revenue for the first half of 2023, compared to none a year prior. Cost of sales are USD16.4 million in the first half of 2023, compared to none in the first half of 2022. "With the unexpected record rainfall experienced in the Western Cape the mining plan was amended to consider higher rainfall in winter periods to minimise the effects of wet mining conditions," company notes. Looking ahead, expects to stay in operational existence until at least December next year.

Current stock price: 1.75 pence

12-month change: down 64%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	1,990 PTS	+1.45%	+3.60%	-
DOW JONES AFRICA TITANS 50 INDEX	467.4 PTS	+1.18%	+3.93%	-
S&P AFRICA 40 INDEX	159.2 PTS	+1.06%	+5.10%	-
KROPZ PLC	1.5 GBX	+11.11%	+20.00%	15.53M

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