Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said earnings for the twelve months to end June 2024 will be more than 25% higher than the year previously.
A trading statement is a requirement of the Johannesburg stock exchange if earnings change by 20% from the year before and the South African gold miner said headline earnings per share (HEPS) are expected to be between US3.99c per share and US4.31c per share.
That compares to US3.15c per share for the 202-23 or an increase of between 27% and 37%.
Basic earnings per share (EPS) for the current reporting period would be between US3.98c per share and US4.30c cents per share respectively, an increase of 25% - 35%.
Pan African added that revenue during the year increased by 16.8%, mainly due to an increase in gold sold of 4.9% combined with an increase in the average US$ gold price of 11.3%.
Results for the year ended 30 June 2024 will be released on 11 September 2024.
Shares rose 0.3% to 29.5p.