World Markets

South Africa's Gold Fields forecasts around 300% half-year profit surge

Credit: REUTERS/Siphiwe Sibeko

South African miner Gold Fields said on Wednesday half-year profits could rise by more than 300%, thanks mostly to an increase in global gold prices.

JOHANNESBURG, Aug 5 (Reuters) - South African miner Gold Fields GFIJ.J said on Wednesday half-year profits could rise by more than 300%, thanks mostly to an increase in global gold prices.

The company said headline earnings per share - the main profit measure in South Africa - for the six months to June 30, were likely to be between US¢19.5 and 20.5 cents - an up to 310% increase on the 5 cents per share reported last year.

(Reporting by Emma Rumney, editing by Mfuneko Toyana)

((Emma.Rumney@thomsonreuters.com; +27115952832;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest World Markets Videos

Shanghai Resumes Work in Some Factories Amid Virus

May 13, 2022

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More