Capitec earnings up on client growth

2015-03-24 09:27

Unsecured lender Capitec Bank Holdings has reported a 27% increase in full-year earnings as growth in active customers boosted transaction fee income.

BMW's sales crown scrutinised as profits shrink

2015-03-18 16:40

Record sales of high-performance cars meant big profits at BMW, but sales of competitors have caught up and profits are shrinking, leaving the industry mulling its profit formula.

Sainsbury's sales dip for fifth straight quarter

2015-03-17 11:00

British supermarket Sainsbury's has posted a quarter of declining underlying sales and says it does not expect the trading environment to improve any time soon.

ARM may cut jobs over weak metal prices

2015-03-16 17:33

African Rainbow Minerals, which was founded and now chaired by billionaire Patrice Motsepe, says it could cut jobs after weak metal prices ate into earnings.

China's strong demand jumps up VW profits

2015-03-12 19:58

Volkswagen has posted 8.8% jump in 2014 profit but warned that the global auto business could face a tough year despite strong demand in China's fast-paced market.

FirstRand posts 13% earnings growth

2015-03-10 09:21

Banking group FirstRand has reported a 13% rise in first-half earnings, underpinned by growth in advances and deposits.

Growthpoint positive despite Ellerine impact

2015-03-05 19:58

Growthpoint Properties has performed well, notwithstanding South Africa’s challenging trading conditions, says CEO Norbert Sasse.

Virgin Money's profit more than doubles

2015-03-05 14:26

British lender Virgin Money Holdings, which made its stock market debut in 2014, says its full-year pre-tax profit has more than doubled as it sold more mortgages.

Truworths Zim struggles for sales

2015-03-05 12:29

The Zimbabwean affiliate of Truworths International has reported a 19% drop in merchandise sales as consumers feel the pinch of a flatlining economy.

Exxaro posts 6% drop in adjusted earnings

2015-03-05 09:07

Coal producer Exxaro says its adjusted full-year earnings have fallen 6% due to an impairment charge of R5.8bn related to an iron ore project in the Congo Republic.


Edgars Zim records profit growth

2015-03-20 11:55

Results released by the Zimbabwean arm of Edcon show that full-year profit was up 22.29%, with overall profitability boosted by an 85% jump in finance income.

Gem Diamonds' underlying core profit rises on sales

2015-03-17 17:15

Diamond miner Gem Diamonds says its underlying core earnings for the year arose 34.6% as it sold more diamonds at higher prices.

Clover posts 41% jump in earnings

2015-03-17 08:45

Food and beverage company Clover Industries has reported a 41% jump in first-half earnings on higher product prices, despite falling sales and market share.

ARM earnings more than halve on weak prices

2015-03-16 14:16

Mining group African Rainbow Minerals says its earnings have fallen by more than 50% due to lower prices for commodities such as iron ore and platinum.

Ascendis aims at exports, synergies, innovation

2015-03-11 14:45

The interim results of Ascendis Health show strong revenue growth due to comparable organic growth from strategic acquisitions over the past year.

Sasol posts 6% rise in earnings, cuts dividend

2015-03-09 10:47

Petrochemicals firm has posted a 6% rise in first-half earnings after higher sales and chemical prices helped offset the impact of falling oil prices.

Standard Bank earmarks billions for Africa growth

2015-03-05 16:45

Standard Bank will spend the bulk of the sale proceeds of its global markets unit to fund its SA business and to invest in fast-growing areas in Africa.

Sanlam readying for R2bn Africa acquisitions

2015-03-05 12:47

Sanlam is working on acquisitions worth over R2bn in the rest of Africa and other emerging markets to be funded from a R3.3bn war chest, its chief executive says.

Standard Bank full-year earnings up 1%

2015-03-05 09:22

Standard Bank has reported an expected 1% growth in full-year earnings after increases in lending and transactional activity.

Areva nuclear group announces €4.8bn loss

2015-03-04 18:04

French nuclear group Areva has confirmed record net losses in 2014 of €4.8bn after it was forced to absorb costs linked to delays to its flagship next-generation reactor.

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