Drdgold (DRD) has released an update.
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DRDGold Limited reports mixed financial results for the year ended June 30, 2024, with earnings per share (EPS) and headline earnings per share (HEPS) showing a slight fluctuation between a 2% decrease and a 9% increase from the previous year. Revenue growth was driven by a 14% increase, mainly due to higher gold prices, despite production setbacks such as delayed site commissioning and increased cash operating costs. The company also invested heavily in capital projects, including the construction of a solar power plant, while maintaining a debt-free status but with a decrease in cash and cash equivalents compared to the previous year.
For further insights into DRD stock, check out TipRanks’ Stock Analysis page.
