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February 5, 2008

Palabora Mining earnings up

Palabora Mining (PAM) reported headline earnings per share increased to 1,491 cents for the year ended December 2007 from 1,329 cents a year ago.

The company said given the stellar performance in 2007, and taking into account the near term capital requirements, it declared a dividend of 3.10 rand per share. This dividend represents 21% of the 2007 earnings before the impairment reversal. Palabora last declared a dividend in July 2001.

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Posted by StaffWriter at February 5, 2008 8:17 AM