Pallinghurst delivers satisfactory FY17 performance

Dual-listed Pallinghurst Resources has concluded what it called a “transformational year”, after successfully transitioning into an evergreen operating mining company during the year ended December 31, 2017. The group, which is listed on the JSE and the Bermuda Stock Exchange, on Tuesday posted basic earnings a share of $0.04 for 2017, slightly down on the $0.06 reported in the prior year, with net profit after tax increasing marginally to $45-million.