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Merafe Resources

FY 2023 results: HEPS +6.5% to 60.1c. Divi +69% to 22c. Merafe achieved a record profit of R1.8 bn. Demand for ferrochrome was weaker, which resulted in lower sales volumes & lower realised prices, whilst chrome ore sales volumes were elevated & realised prices increased due to buoyant demand & supply constraints.
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