PAN AFRICAN'S PROFIT TRIPLES - Justin Brown
Wed, 20 Aug 2008
PAN AFRICAN RESOURCES profit after tax has almost rose three fold to £7.6m in the year to June. The surge has been accredited to the growth in its revenue from gold outpaced increases in costs and the acquisition of a 74% stake in Barberton Mines. Revenue rose 47% to £39.3m while production costs increased 16% to £25.2m.
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