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Merafe soars on 134% jump in earnings

Johannesburg - Shares of Merafe Resources [JSE:MRF] jump after the ferrochrome producer said on Tuesday its first-half earnings and production more than doubled.

Merafe said headline earnings per share, the primary measure of profit in South Africa, rose 134% to 8.9 cents while production climbed 16% in the period.

Its shares are up 6.2% at R1.37.


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Rand - Dollar
18.97
-0.3%
Rand - Pound
23.97
-0.3%
Rand - Euro
20.48
-0.1%
Rand - Aus dollar
12.36
-0.1%
Rand - Yen
0.13
-0.4%
Platinum
907.94
+1.2%
Palladium
1,014.30
+1.3%
Gold
2,215.39
+0.9%
Silver
24.91
+1.1%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
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