Harmony Gold posts higher half-year earnings, decides not to pay dividend as it invests in 'growth opportunities'

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Harmony Gold posts higher half-year earnings, decides not to pay dividend as it invests in 'growth opportunities' gold mining Harmony

- Harmony Gold , a senior global gold producer, announced today that for the six-month period ended 31 December 2022 , it recorded an 18% increase in headline earning per share to 293 SA cents per share from 248 SA cents per share in H1FY22.

Group gold production in H1FY23 decreased by 5% to 740,655oz from 778,879oz in H1FY22 mainly due to the closure of Bambanani at the end of FY22. Adjusting for this, group production decreased by 2% or 11,346oz year on year. “As Harmony invests in margin expansion, life-of-mine extension and various other growth opportunities, it is prudent to maintain a strong balance sheet and good liquidity. A decision has therefore been taken to not pay an interim dividend for this reporting period,” the company noted in a press release.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines