Goldplat LON:GDP, the AIM quoted African gold producer has told DirectorsTalk that further to the announcement made on 11 July 2016, the strength of the gold price, coupled with the reduction in the value of sterling, have contributed to a strong financial performance for the end of the year ended 30 June 2016.
Subject to completion of the audit, and, in particular, any developments and resulting accounting adjustments which may arise from the dispute with Rand Refinery between now and the finalisation of the financial statements, the Directors expect the Company’s revenues for the year to be approximately GBP20 million and consolidated profit before tax to be in the order of GBP2 million. A detailed trading update for the final quarter will be issued in the near future.
The Company’s preliminary results for the year ended 30 June 2016 are expected to be announced on 26 September 2016.