NFC Africa Mining Plc (NFCA) recorded a turnover of K1,000.4 million (US$153.8 million) for the financial year ending 31st December 2014 and a profit after tax of K23.4 million (US$3.6 million). For the three months to 31st March 2015, NFC Africa reported revenues of K178.2 million (US$27.4 million) and a loss of K79.2 million (US$11.7 million).
The South East Ore Body project which will have production capacity of 100,000 tonnes per annum is on schedule to be completed in 2017. The current production capacity is 30,000 tonnes per annum. The project is expected to create 5000 jobs.
There were no dividends paid during the year ended 31st March 2015 (20143: Nil).