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DRDGOLD picks up first prize at awards recognizing JSE-listed companies which have earned highest returns for shareholders in last five years

DRDGold was found to have created the highest return, assuming reinvestment of all dividends, bonus share allotments and special payments

DRDGOLD Limited -
In September, despite the problems caused by the coronavirus (COVID-19), the South Africa mine tailings retreatment specialist reported that 12 month revenue had increased by 52% to 4,185 million rand

DRDGOLD Limited (NYSE:DRD) (JSE:DRD), the gold producer, revealed it took first prize in the Sunday Times Top 100 Companies Awards, which acknowledges Johannesburg-listed companies which have earned the highest returns for their shareholders in the last five years.

This was measured using a hypothetical investment amount of R10 000 over the period from September 1, 2015, to August 31, 2020, and DRDGold was found to have created the highest return, assuming reinvestment of all dividends, bonus share allotments and special payments.

READ: DRDGOLD chairman Geoff Campbell says gold producer reached US$1 billion market cap in FY2020

"We are very proud to have set the business up in such a way as to take full advantage of the higher gold price, and we are very pleased with the market response to our performance!” the mining firm's CEO Niël Pretorius, who accepted the accolade at a virtual event, said in a statement.

In September, releasing its results for the year to end-June, 2020, DRDGold declared a final dividend of 35 rand cents per share (US$0.021), making a total distribution for the year of 85 rand cents (US$0.054) per share.

This was the 13th consecutive year of dividend payments by the company. At the end of June 2020, its share price was R26.95 (US$1.72) which was 528% higher than at the start of the financial year.

Despite the problems caused by the coronavirus (COVID-19) pandemic, the South Africa mine tailings retreatment specialist saw its revenue for the 12 months increase by 52% to 4,185 million rand (US$251.5 million).

Headline earnings for the year came in at 634.5 million rand (US$38.1 million) (82.4 rand cents per share) compared with headline earnings of 72.7 million rand (US$4.36 million) (10.9 rand cents per share) in the same period a year ago.

In support of social distancing initiatives, and as a sign of respect to South Africa’s frontline workers, the usual awards gala dinner was replaced by an announcement streamed online.

Contact the author at giles@proactiveinvestors.com

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Price: 9.07 USD

NYSE:DRD
Market: NYSE
Market Cap: $775.59 m
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DRDGOLD increases revenue by 40% year-on-year as it maintains 'solid production'

DRDGOLD Limited (NYSE:DRD) (JSE:DRD) CEO Niël Pretorius tells Proactive the South African mine tailings group reported revenue of R2,977.4 million (US$205.2 million). Pretorius says the increase largely due to the higher average Rand gold price received, in addition to the team's priorty on...

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