Pan African Resources, the southern Africa-focused gold and platinum producer, says earnings for the final six months of 2011 will be between 83% and 93% better than the equivalent period of 2010.
The impressive announcement has been forced on the firm by stock exchange rules which require disclosure as soon as a company is certain results will differ by 20% from a previous corresponding period.
This means earnings per share for the second six months of last year are now expected to be just under 100p, compared to 53p in 2010.
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The news has seen Pan African shares jump 8.3% this morning. Over the last year the stock has gained 67.5%.
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