• Rolled Products sales volumes increase 22% to 208 000 tons annualised
  • Headline earnings improve by 167% to R71 million, off a low base 
  • Reductions in unit costs continue

Richard Jacob (Chief Executive Officer) commented:

"We continued to improve operational performance in the first half. As a
manufacturing exporter, much of these improvements were offset by the
strengthening Rand. We are cautious about prospects for the second half, with
the current local supply and sales disruptions, and markets in Europe and the
USA weakening. We remain on track though to continue our performance
improvements."