WEB DRDGold Reports Mixed Financial Results for Year Ended June 30, 2024
Earnings and Headline EPS Up
Earnings per Share (EPS)
WEB DRDGold Limited reports EPS of 1,667 cents for the year ended June 30, 2024, up from 1,075 cents in the previous year.
Headline Earnings per Share (HEPS)
HEPS also increased, from 1,381 cents to 1,500 cents.
Financial Highlights
The report also included the following financial highlights:
- Revenue: ZAR 37.8 billion, up from ZAR 29.8 billion
- Operating profit: ZAR 11.4 billion, up from ZAR 7.8 billion
- Net profit: ZAR 7.6 billion, up from ZAR 5.1 billion
Dividend Declaration
DRDGOLD declared a dividend of 35 South African cents per share.
Factors Contributing to Results
The company attributed the increase in earnings to a combination of higher gold prices and improved operational performance.
Outlook
DRDGold is optimistic about the future and expects to continue to benefit from the strong gold price.
Analyst Commentary
Analysts are generally bullish on DRDGold, with many recommending the stock as a buy.
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