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South Africa's Gold Fields forecasts around 300% half-year profit surge

Kitco News

JOHANNESBURG, Aug 5 (Reuters) - South African miner Gold Fields said on Wednesday half-year profits could rise by more than 300%, thanks mostly to an increase in global gold prices.

The company said headline earnings per share - the main profit measure in South Africa - for the six months to June 30, were likely to be between US¢19.5 and 20.5 cents - an up to 310% increase on the 5 cents per share reported last year.

(Reporting by Emma Rumney, editing by Mfuneko Toyana)

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