DRDGOLD Limited (NYSE:DRD) Q4 2022 Earnings Conference Call August 24, 2023 4:00 AM ET
Company Participants
Niel Pretorius - CEO
Riaan Davel - CFO
Jaco Schoeman - COO
Conference Call Participants
Niel Pretorius
Good morning, everyone, and thank you very much for joining myself, Riaan and Jaco for our results presentation for the financial year ending the June 30, 2023.
Before we start -- all right. I think this is somebody who needs to go on to mute. Thank you. Before we start, I think maybe just a moment to remember Derek Watts, who passed away yesterday. I think we all remember Derek is a fearless journalist with integrity, relentless pursuit to the truth (ph). And I think he state for certainty leaving a gap in the community, the media community.
Moving on to the first page. That is our disclaimer. We are keeping the content of this presentation fairly light. We're not going to go into a lot of detail, really just the highlights and the events that impacted and contributed to our financial operating performance this year. We'll obviously deal with everything from more extensively in our integrated report.
Just in terms of highlights, the key group features for this year, see that on the back of a very good gold price. Our revenue is up 7% for the year, and that also contributed to an 8% increase in operating profit of just over ZAR1.8 billion. That in turn contributed to a very nice increase in headline earnings, a 14% increase of just 14% or rather 14% to just over ZAR1.2 billion, and that has enabled us to pay, 16th consecutive dividend.
We're topping up the interim dividend by another ZAR0.65 to take the total dividend for the year to ZAR0.85. And I remind myself that being a shareholder myself, a very large percentage of the shares that I purchased and which are now earning dividends I bought for just over ZAR2, I think ZAR2, 13 months. It's been a long-term strategy on my part, and I'm hoping that some of the shareholders are finding results in a similar position.
Moving into the operating trends. We'll deal with both operating segments individually and then we want to be the group operating features. And I think what we want to emphasize here and what the graph is showing, two things really. The first being volumes coming under pressure, especially towards the second half of the financial year, but offset to an extent by an increase in yield.