Pan African Resources (GB:PAF) has released an update.
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Pan African Resources PLC anticipates a significant increase in headline earnings per share (HEPS) and earnings per share (EPS) for the financial year ending June 30, 2024, estimating a rise of 27-37% and 25-35% respectively, compared to the previous year. This growth is attributed primarily to a 16.8% revenue boost, driven by a 4.9% increase in gold sales volume and an 11.3% surge in the average US$ gold price. The full financial results will be publicly released on September 11, 2024.
For further insights into GB:PAF stock, check out TipRanks’ Stock Analysis page.
