‘Roodepoort Rocket’
Cash-flush DRDGold points to modest half-year earnings rise
05 February 2023 - 16:59
DRDGold, one of the world’s largest gold tailings retreatment companies and affectionately known as “the Roodepoort Rocket” among gold bulls, has advised shareholders to expect a modest bump in half-year earnings.
The 128-year old company, founded as Durban Roodepoort Deep in 1895, said in a trading update on Friday that it expects earnings per share (EPS) and headline earnings per share (heps) of 59.5c-68.1c for the six months to end-December 2022. That compares with EPS and heps of 58c per share for the corresponding period the previous year...
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