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Merafe Resources H1 earnings jump, output down
Aug 7th, 2012
JOHANNESBURG (Reuters) - South African ferrochrome producer Merafe Resources reported a 70 percent rise in first-half profit on Tuesday despite a sharp drop in production following the company's decision to shut some furnaces to cut power demand. The country's largest ferrochrome producer reported first-half diluted headline earnings per share of 5.5 cents, in the middle range of its guidance to the market, compared to 3.4 cents in the same period last year. Headline earnings per share is the main profit gauge in South Africa and strips out certain one-time items. ... (Source: Reuters) -
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