ARI reports 19% higher earnings and 54% net cash growth
Earnings rose 19% to R3.2 billion, driven by higher PGM prices. Net cash increased 54% to R10.2 billion. Major growth projects at Bokoni and Nkomati were approved.
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Headline earnings rose 19% to R3.2 billion, driven by higher PGM prices, with net cash up 54% to R10.2 billion. Major growth projects include Bokoni Mine and Nkomati Nickel Mine restarts, while a final dividend of R7.00 per share was declared.Original document: African Rainbow Minerals Limited [ARI…
Headline earnings rose 19% to R3.2 billion, driven by higher PGM prices, while net cash increased 54% to R10.2 billion.
Major growth projects at Bokoni and Nkomati were approved, and the company maintained a strong balance sheet with a 16.1% net cash to equity ratio.Original document: African Rainb…