Mining News

Tharisa’s net profit more than doubles on the back of strong prices, operational performance

JSE-listed platinum group metals (PGMs) and chrome miner Tharisa achieved a 139% year-on-year increase in net profit to $131.5-million for the financial year ended September 30.

Revenue increased by 46.9% to $596.3-million, while earnings before interest, taxes, depreciation and amortisation (Ebitda) increased by 97.8% to $224.3-million at an Ebitda margin of 37.6%.

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