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South Africa's Gold Fields profit falls 4 percent

Kitco News

JOHANNESBURG, Feb 14 (Reuters) - South Africa's Gold Fields Ltd said on Wednesday its full-year profit fell 4 percent due to impairments and increased amortisation costs at its mines.

Diluted headline earnings per share (HEPS) from continuing operations fell to $0.24 for 2017 from $0.25 in the previous year, in line with what was flagged to the market.

HEPS is the main profit measure used in South Africa that strips out certain one-off items.

The company, which also operates in Ghana and Peru, declared a final dividend of 0.50 rand ($0.04) per share, taking the total dividend for the year to 0.90 rand ($0.08) per share compared with 1.10 rand per share($0.09)in the previous period. ($1 = 11.9137 rand)


(Reporting by Tanisha Heiberg; Editing by Gopakumar Warrier)

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