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The latest announcement is out from Kropz Plc ( (GB:KRPZ) ).
Kropz Plc reported unaudited results for the six months ending 30 September 2024, highlighting revenue of US$ 14.1 million amidst challenges at its Elandsfontein mine. Efforts to counter production setbacks include installing a centrifuge unit, though full operation is delayed due to machinery failure. Despite a gross loss of US$ 6.4 million, the company is restructuring its debt and pursuing additional funding, while maintaining a focus on health and safety and community engagement. The company aims to improve phosphate quality and pricing as it ramps up production, with sales efforts focused on markets in South Korea, Australia, New Zealand, and Brazil.
More about Kropz Plc
Kropz Plc is an emerging African phosphate developer and producer, focused on the production and development of phosphate products. The company operates primarily in the African market, with operations such as the Elandsfontein mine, and is involved in community projects.
YTD Price Performance: -13.33%
Average Trading Volume: 52,905
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £20.38M
For an in-depth examination of KRPZ stock, go to TipRanks’ Stock Analysis page.