DRDGold half-year profit jumps on bullion strength
DRDGold reported a 7.4% rise in half-year profit on Wednesday, as higher gold prices offset the impact of power cuts on its metal processing operations and escalating costs.
DRDGold’s headline earnings per share (Heps) was 62.3 cents ($0.0346) in the six months to December 31, up from 58 cents a year earlier, it said in a statement.
DRDGold said it had processed less ore due to power cuts, which have intensified over the past several months as South Africa’s state-owned power utility Eskom struggles to supply adequate electricity.