Business

Tharisa reports consistent performance during first quarter of new financial year

Published on

12 January 2021

Tharisa has made available its report on the first quarter’s performance for the financial year ended 31 December 2020, further noting its consistent growth despite the pandemic.

Tharisa released a report on Tuesday, 12 January 2021, detailing its performance in the first quarter of the new financial year ended 31 December 2020. The report noted a positive outlook, based on the consistent growth that the company has experienced of late.

Quoted in the report was the Chief Executive Officer (CEO) of the company, Phoevos Pouroulis, who stated, “The first quarter provided a solid platform for Tharisa to meet its production guidance for the current financial year, with all key metrics delivering strong growth versus the same period in FY2020. The consistent performance has been delivered in a strong spot market for PGMs, in particular, and stable chrome prices.”

The second quarter is expected to be relatively similar to the first, considering that the climate is still the same, as it relates to the mining sector. Most of the restrictions brought on by Alert Level 3 have negatively impacted the hospitality sector, including restaurants and hotels, and to some extent, the mining sector as well.

See the post below.