Net profit was down 71.1% year-on-year to US$8.2 million, with earnings per share of 4c compared with 10c a year ago.
The company warned of a fall only last week.
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Moho Resources tops crowded field
South African PGM miner and chrome producer Tharisa’s net profit for the first half of its financial year dipped as expected as the company carried out planned optimisation work during the period.
Net profit was down 71.1% year-on-year to US$8.2 million, with earnings per share of 4c compared with 10c a year ago.
The company warned of a fall only last week.
Company has delayed its Vulcan project but operations at its Tharisa asset are at full capacity.
Tharisa to formally supply TISCO