Pan African’s FY16 results were closely in line with Edison’s expectations. Excluding Uitkomst, revenue of £164.7m compared with our forecast of £165.1m and costs of £103.9m compared with our forecast of £104.6m; precious metal mining profit was therefore £49.3m vs our expectation of £48.9m. The only material negative variance was in ‘other expenses’, where a loss of £12.2m (largely attributable to a mark-to-market loss on its
28 Sep 2016
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Pan African Resources PLC (PAF:LON) | 24.2 0.1 1.9% | Mkt Cap: 539.0m
- Published:
28 Sep 2016 -
Author:
Charles Gibson -
Pages:
4
Pan African’s FY16 results were closely in line with Edison’s expectations. Excluding Uitkomst, revenue of £164.7m compared with our forecast of £165.1m and costs of £103.9m compared with our forecast of £104.6m; precious metal mining profit was therefore £49.3m vs our expectation of £48.9m. The only material negative variance was in ‘other expenses’, where a loss of £12.2m (largely attributable to a mark-to-market loss on its