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JOHANNESBURG (miningweekly.com) – Johannesburg-listed Pallinghurst Resources expects earnings a share and headline earnings a share to increase to $0.14 for the half-year ended June 30, improving from a loss a share and headline loss a share of $0.10 in the first half of 2013.
“The significant period-on-period increase in earnings and headline earnings is primarily attributable to increases in the valuation of Pallinghurst’s interests in Gemfields and Jupiter Mines, which are held at fair value,” the company said in a trading update on Monday.
In addition, Pallinghurst expected net asset value a share to increase from $0.43 in the first half of the prior year to $0.68 for the six months under review.
The company would release its results on September 22.