JSE-listed ferrochrome producer Merafe Assets expects to report a fundamental loss a share of between 34.6c and 45.4c apiece for the 12 months ended December 31, 2020.
This compares with a fundamental loss a share of 54.2c apiece reported for the prior 12 months.
Merafe’s headline loss a share improved by between 66% and 86% year-on-year to between 0.5c and 1.1c apiece, towards a headline loss a share of three.4c within the prior 12 months.
The corporate has suggested that it has restated sure monetary figures in its outcomes for the 12 months ended December 31, 2019, owing to an error within the therapy of the rehabilitation provision adjustment.
Merafe will publish a element evaluation and affect of the restatements in its monetary outcomes announcement on or about March 8.