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Pan African Resources PLC - Rosebank-headquartered gold producer - Expects interim earnings to surge at least 41% due to strong revenue. Guides for a sharp rise in earnings per share and headline EPS to a range of between 2.14 US cents and 2.30 cents for the first six months that ended December 31, from 1.52 cents a year earlier. This amounts to an increase of between 41% and 51%. Says these likely robust earnings are largely attributed to a 24% jump in revenue to $193.9 million from $156.5 million in the first half. Over this period, gold sold volumes rose 8.9% to 98,458 ounces from 90,439 ounces, and the average gold price climbed 14% to $1,961 an ounce from $1,725 an ounce. Current stock price in Johannesburg: R 4.45, up 3.0% on Friday morning 12-month change: up 25% Current stock price in London: 18.60 pence, up 3.8% 12-month change: up 13% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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