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Harvest Minerals Ltd - South America-focused fertiliser producer - Revenue from fertiliser sales in 2023 falls to $3.1 million from $8.6 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 £3.1 million from a profit of £472,580. Current stock price: 2.30 pence, up 9.5% in London on Wednesday 12-month change: down 56% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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