[miningmx.com] – PALLINGHURST Resources would post an interim profit owing to increases in the value of its interests in Gemfields and Jupiter Mines, the company said in a trading statement.
Earnings and headline earnings per share will increase to $0.14 for the six months ended June 30 compared to a loss and headline loss per share of $0.10 in the previous financial year.
Pallinghurst, which also owns platinum assets in unlisted investment, Sedibelo Platinum Mines, expects that net asset value per share at 30 June 2014 will increase to $0.68 compared to $0.43 at June 30 and $0.55 at as December 31 December.
