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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
The news has seen Pan African shares jump 8.3% this morning. Over the last year the stock has gained 67.5%.
Act now: First Direct’s £175 switching bonus ending soon
First Direct has launched a £12,500 prize draw on top of its £175 cash bonus - but they both finish soon, so you’ll need to be quick
By Vaishali Varu Published
Credit card providers slash 0% balance transfer deals
Customers face a double whammy of rising interest rates and shorter 0% balance transfer periods. We look at what’s going on in the credit card market and why you’ll need to act fast to get the top 0% balance transfer deal
By Ruth Emery Published