IN BRIEF: Harvest Minerals shares rise despite annual swing to loss

Harvest Minerals Ltd - South America-focused fertiliser producer - Revenue from fertiliser sales ...

Alliance News 26 June, 2024 | 11:25AM
Email Form Facebook Twitter LinkedIn RSS

Harvest Minerals Ltd - South America-focused fertiliser producer - Revenue from fertiliser sales in 2023 falls to USD3.1 million from USD8.6 million a year earlier. Arapua is the company's principal business unit and currently its sole source of revenue. "2023 proved to be a challenging year for the company and its key project, Arapua. Following the record high global fertilizer prices seen in 2022 after sanctions on Russia and Belarus triggered a global supply shortage, stocks returned to normal levels in 2023 causing the price of fertilizers to drop," it explains. Swings to pretax loss of GBP3.1 million from a profit of GBP472,580.

Current stock price: 2.30 pence, up 9.5% in London on Wednesday

12-month change: down 56%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Harvest Minerals Ltd 1.05 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures