Source - SMW
Sylvania Platinum said its net profit fell 11% in the second quarter compared to the first, amid a fall in output pinned on power and water shortages.

Net profit for the three months through December amounted to $11.4m, down from $12.5m on-year.

Revenue fell 11% to $27.9m as production fell 8% to 19,206 ounces.

Sylvania Platinum said it had experienced power interruptions resulting in downtime at operations.

Water management continued to be a focus area at some operations, despite intermittent rainfall providing some relief during the period.

'The group, through the continued diligence of our management and operations teams, has once again produced a strong result in spite of challenges relating to water and power which are both outside of our control,' chief executive Terry McConnachie said


At 2:38pm: (LON:SLP) Sylvania Platinum Ltd share price was -3p at 40.5p



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