International Ferro Metals has managed to stem losses at its operations in the North West Province of South Africa.
The company has reported production of ferrochrome down 15% in the final six months of 2011 compared to the same period of 2010. Sales fell 3% over the prior year.
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The net loss after taxation dropped from ZAR107,000 in 2010 to ZAR92,000.
The firm says it expects to be "cash generative" by the end of the March.
By 11:31am International Ferro Metals' stock had gained 3.7%.
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