DRDGold’s shares rally on news of earnings turnaround

JSE- and NYSE-listed gold producer DRDGold’s shares on the JSE rose by more than 10% on Thursday morning after it announced an anticipated 69% year-on-year increase in revenue for the six months ended December 31. In a trading update, the company also said it expected to report earnings a share of between 47.78c and 49.22c for the six months under review, compared with the loss of 7.2c a share reported for the previous corresponding period.