London-listed International Ferro Metals (IFM) returned to profitability in the financial year ended June 30, posting record sales of 222 320 tonnes for the full year ended 30 June 2014.

IFM CEO Chris Jordaan says the company has expanded its markets ‘quite significantly’ and talks about several initiatives the company has undertaken to remain at the low end of the international cost curve.

The ustralian-based ferrochrome producer operating in South Africa achieved a strong turnaround in profitability this year that was marked by a R41 million profit before tax – juxtaposed against a R126 million loss in the prior year.

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