19:19 Fri 30 Mar 2018
ERRATA CORRIGE: AFARAK GROUP PLC'S PUBLISHES FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 1 JANUARY -
PUBLISHES FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 1 JANUARY -
("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR) announces that it has published today its Annual Report for the year ended which is available from the Company's website .
The Annual Report for 2017 includes a detailed Strategic Review which analysis the Company's operational and financial performance, risk management and a sustainability review with a focus on the initiatives undertaken with respect to health & safety, host communities and the environment. A Governance Review highlighting the Board's work during 2017 and initiatives related to Corporate Governance is also included. The Annual Report also includes an updated Resources and Reserves Statement for the Company's mining assets in following activities over the course of 2017.
Commenting on the Annual Report, , CEO of , said that "This year's Annual Report highlights our record results in 2017. Our performance was underpinned by a clear focus on improving operational efficiencies and on making more adaptable to the favourable market conditions."
, Chairman of added that, "2017 will be remembered not only for the record results but for the turnaround and renewal of the organisation. Although the positive results were largely supported by the favourable market conditions, the internal restructuring and implementation of a new growth vision and strategy by the Board and Management played a key role."
A copy of the Annual Report 2017 has been submitted to the National Storage Mechanism and will shortly be available for inspection at .
will hold its 2017 Annual General Meeting in on . The notice of the meeting will be released in .
CEO
For additional information, please contact:
, CEO, +356 2122 1566,, +356 9940 8746,
Financial reports and other investor information are available on the Company's website: .www.afarak.com
is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern and a FerroAlloys business in . The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the (AFRK).
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