PLS's Strong Dividend Partially Offset by Soft Earnings
Dow Jones
Aug 24
2349 GMT - PLS's stronger-than-anticipated dividend is partly offset by slightly softer-than-expected net profit and earnings per share, says Citi. It says PLS's Ngungaju ramp-up and P2000 project are now the focus for investors. "P2000 feasibility study outcomes remain due in the December quarter, with A$175 million of pre-FID [final investment decision] expenditure included in FY27 guidance but potential post-FID capital excluded," Citi says. It reiterates a buy rating and A$5.00 target. Shares ended Friday at A$5.07.
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