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Financial|Gold|Resources
Financial|Gold|Resources
financial|gold|resources

Pan African flags increased earnings on the back of higher gold sales, prices

5th September 2024

By: Creamer Media Reporter

     

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Gold producer Pan African Resources expects to report headline earnings per share (HEPS) of between $0.04 and $0.043 for the financial year ended June 30. That represents an increase of between 27% and 37% on the HEPS of $0.032 reported for the prior financial year.

Earnings per share (EPS) are expected to increase by between 25% and 35% to between $0.04 and $0.043 for the year under review, compared with the EPS of $0.032 reported for the prior financial year.

Pan African attributes the increase in EPS and HEPS to a 16.8% year-on-year increase in revenue, on the back of a 4.9% increase in gold sold and an 11.3% increase in the average dollar gold price.

The company will report its results for the financial year on September 11.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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