Oversupply, low prices dent Assore’s H1 earnings

February 19, 2016

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Oversupply and low prices in the commodities in which it trades have contributed to a 25.4% decline in JSE-listed Assore’s headline earnings a share to 715c for the six months ended December 31, compared with 959c in the six months to December 2014. This translated into a decrease in headline earnings to R738-million, mainly as a result of the 28.2% year-on-year decrease in its Assmang subsidiary’s headline earnings to R1.2-billion.

Category: General