UPDATE 1-SAfrica's DRDGold posts lower FY output, profit

* FY headline EPS at 12.9 cents vs 33.8 cents

* Annual gold output down 3 pct to 241,194 ounces

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JOHANNESBURG, Aug 26 (Reuters) - DRDGold (DRDJ.J), South Africa's fourth-largest gold producer, reported a 62 percent tumble in full-year profit on Thursday, hurt by a wage strike at one of its mines that lasted for nearly a month.

The company said headline earnings for the full year to end-June fell to 12.9 cents per share, from 33.8 cents in the previous year.

Headline EPS is the key profit measure in South Africa and strips out some one-time items.

Total annual gold production fell by 3 percent to 241,194 ounces from the previous year, hit by the impact of the strike at its Blyvoor mine.

The company, a mid-tier, unhedged gold producer said revenue rose 4 percent to 1.99 billion rand ($271.3 million), helped by higher prices of the precious metal.

The average rand gold price received for the year rose 7 percent to 267,292 rand/kg.

South African gold mining companies sell their gold in dollars and pay costs in rand.

The company said it has spent 5.2 million rand on exploration in Zimbabwe to date, where its exploration area has been increased by 80 percent.

DrdGold's bigger rivals, AngloGold Ashanti (ANGJ.J) and Gold Fields (GFIJ.J), posted higher quarterly earnings this month, while Harmony Gold Mining Co. (HARJ.J) reported a loss. [ID:nLDE67E056]

The company declared a final dividend of 5 cents per ordinary share for the year. (Reporting by Olivia Kumwenda; editing by David Dolan)