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viewPan African Resources PLC
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AIM:PAFOTCQX:PAFRYJSE:PANFRA:RTZOTCQX:PAFRF
)

Pan African Resources doubles production, reporting record profit with a proposal to raise dividend

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) chief executive Cobus Loots joins Proactive London after reporting record profit due to higher gold production. 

The miner produced a total of 201,777 ounces of gold in the twelve months ended June 30, up 12.4% and posted a net profit after tax of US$74.7mln, a company record. 

Earnings per share grew 68.3% to 3.87 American cents and operating profit was up 36% to US$128mln. 

And the company lifted its final dividend 28.5%, to a total pay-out of US$28.3mln.

Quick facts: Pan African Resources PLC

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Price: 16.429 GBX

Market Cap: £316.81 m

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