JOHANNESBURG (Reuters) -South Africa’s Harmony Gold reported a 33% jump in first half profit on Tuesday, driven by a gold price rally, and declared a record interim dividend despite a decline in production.
The miner said its headline earnings per share in the six months to December 2024 were 12.70 rand ($0.6819), up from 9.56 rand during the same period of 2023.
Harmony declared an interim dividend of 2.27 rand per share, up from its previous record payout of 1.47 rand announced a year ago.
The biggest gold producer in South Africa by output, Harmony said it realised a 28% increase in the U.S. dollar price of gold during the half-year, compared with the prior-year period, which boosted revenue by 19%, despite a 4% decline in production.
($1 = 18.6235 rand)
(Reporting by Felix Njini in Johannesburg and Nelson Banya in Harare; Editing by Sonali Paul and Rachna Uppal)
