Royal Bafokeng earnings up on sales, cost cuts

2015-03-03 08:54

Royal Bafokeng Platinum says its full-year earnings have risen 38% due to higher sales, cost cuts and as currency weakness lifted the rand price of its metals.

Zimplats slips on low prices and mine closure

2015-02-27 13:35

Impala Platinum's Zimbabwe-based unit Zimplats reported a significant half-year profit drop due to lower metal prices and the write-off of its Bimha mine.

Budget carrier AirAsia net profit slides

2015-02-27 10:45

Malaysia-based AirAsia's net profit has slid by nearly a quarter in 2014, dragged down by high operating costs and foreign exchange losses.

Liberty posts 3% fall in annual earnings

2015-02-26 10:14

Liberty Holdings has reported a 3% fall in full-year profit, reflecting a contraction in earnings from its shareholder investment portfolio.

Cell C says revenue up 16%

2015-02-24 17:08

Cell C says it grew its full-year revenue by 16% and plans to invest R2.2bn partially in new technology this year.

Billiton boosts European shares to 7-yr high

2015-02-24 14:30

European shares have hit 7-yr highs after BHP Billiton's positive results, and expected cost savings at network operator Telefonica Deutschland from its E-Plus buy.

Price war, low petrol price fuel Shoprite profits

2015-02-24 11:25

Shoprite has posted slightly faster first-half profit growth, as debt-laden consumers take advantage of lower fuel prices and a price war between supermarket chains.

AngloGold falls into loss in Q4

2015-02-23 09:36

AngloGold Ashanti fell into a loss in its fourth quarter as a result of layoffs and restructuring at its key Ghana operation and accounting adjustments.

FNB Botswana profits drop

2015-02-20 18:30

FNB Botswana a unit of the FNB group, has recorded a drop in interim profits despite an increase in advances, say company executives in a statement.

Profitable Northam worries about power cuts

2015-02-20 12:09

Northam, the world's third largest platinum producer by market value, has posted solid first-half profits but warned of the impact of power cuts on output.


Bidvest lifts profit, food service unit robust

2015-03-02 09:09

The Bidvest Group has reported an increase in half-year profit, helped by strong performance at its food service unit and favourable currency swings.

Old Mutual profit drops on currency fluctuations

2015-02-27 11:08

Old Mutual said 2014 profit for its globally-expanding insurance company fell after the average rate of the rand weakened 18% against the pound.

MMI Holdings earnings may fall as much as 30%

2015-02-26 14:00

Financial services group MMI Holdings says its interim headline earnings could drop as much as 30% following the impact of investment markets.

Massmart full-year sales jump

2015-02-26 10:03

Retailer Massmart Holdings has reported a 10.4% rise in full-year sales as its consumer goods, liquor and home improvement business posted better performance.

HSBC profits slump amid Swiss bank scandal

2015-02-24 15:00

Scandal-hit HSBC has reported a 17% slump in annual profit as it defended its chief executive's use of a Swiss bank account to save large bonuses.

Investors cheer Mondi's 10% profit jump

2015-02-24 11:33

Paper maker Mondi has reported a 10% rise in full-year underlying profit on rising packaging paper sales and lower costs, sending its shares to a record high.

HSBC says Swiss scandal shamed the bank

2015-02-23 15:00

HSBC has reported a deeper-than-expected 17% dip in annual pretax profit and cut its earnings target, alleging that its Swiss business helped customers dodge taxes.

Nedbank posts 13% rise in earnings

2015-02-23 09:11

Nedbank has posted an increase in full-year earnings in line with expectations, as lending income boosted profits.

Edcon core profit inches higher, debt concerns loom

2015-02-20 15:36

Edcon, which houses Edgars, Jet, Boardmans and CNA, says consumer spend remains subdued amid a tough credit environment and continuous power outages.

Truworths profit barely grows, outlook tough

2015-02-19 15:00

Clothing retailer Truworths has reported virtually no growth in half-year profit, as debt-laden consumers already battling high unemployment spent warily.

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