Afarak was forced to issue a profit warning—no surprises there

Afarak estimated that its EBITDA for 2024 will be around €2.6-million which represents a decrease of 85% compared to 2023. Turnover is expected to be around €128.6-million, a drop of 16.3%. The company said that it has been finalizing investment decisions that will enable it to swiftly increase the output of chrome ore concentrates in…


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