26th Jun 2024 12:25
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
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