25 Jan 2012

Pan African expects 93% higher Heps

I-Net Bridge

Johannesburg - Pan African Resources [JSE:PAN] said on Wednesday it expected earnings per share and headline earnings per share in the six months to December 2011, denominated in pound sterling, to be between 83% and 93% higher than the 0.53 pence per share reported in the corresponding period a year ago.

The AIM- and JSE-listed mining group added that earnings per share and headline earnings per share, calculated in rand terms, were expected to be between 97% and 107% higher than the comparable period's 5.97 cents per share.

The interim results are expected on February 22.

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