Pan African warns exchange rate hampered its full-year earnings

📆 1/9/2023 10:26 PM
📰 MiningWeeklyAUS

⏱ Reading Time:
8 sec. here
2 min. at publisher
📊 Quality Score:
News: 6%
Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

JSE- and Aim-listed gold miner Pan African Resources expects to report a 15% to 30% year-on-year decrease in headline earnings per share (HEPS) for the financial year ended June 30. The company advises shareholders in a trading statement issued on September 1 that HEPS will likely be between $0.0295 and $0.0335, compared with HEPS of $0.0339 posted in the prior year.

JSE- and Aim-listed gold miner Pan African Resources expects to report a 15% to 30% year-on-year decrease in headline earnings per share for the financial year ended June 30.

Pan African cites the 16.8% depreciation in the average rand:dollar exchange rate in the year as the main reason for its earnings decline.

Write Comment

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:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines