https://www.engineeringnews.co.za

Metmar continues losses

4th October 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JSE-listed Metmar on Friday said more losses were expected for the six months to August 2013.

The group would deliver an attributable loss a share of between 17.66c and 17.22c and a headline loss a share of between 9.59c and 9.93c for the first half of the year.

The interim period’s results included a R47.1-million goodwill impairment arising from Metmar’s exit from the West African Group division and a R3.3 million mark-to-market loss from listed investments.

Metmar sold the division to West African International for R50-million plus the movement in the division’s net asset value between March 1 and July 1, to a maximum of R20-million.

Excluding the adjustments, the group would have returned to profitability with attributable earnings a share of between 0.10c and 0.54c.

Metmar would publish its financial results for the interim period on October 31.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.076 0.905s - 140pq - 2rq
Subscribe Now