Clover CEO confident of profit turnaround

2014-09-19 12:27

Clover may have posted sour results for the year ending June 2013, but CEO Johann Vorster is confident the group will restore profitability.


Sasfin Holdings has recorded a jump in headline earnings per share to 486 cents for the six month period ended December 2013 31 from 421c in the same period last year.

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Monitise posts big loss

2014-09-15 12:20

Mobile banking technology firm Monitise has posted a full-year loss of 63% due to investment in product and sales particularly in the second half of the year.

Compu-Clearing in big push into Africa

2014-09-10 16:51

Compu-Clearing Outsourcing has grown revenue for the year by 8% and is now targeting Africa, CEO Arnold Garber tells Fin24.

Strikes eat into Eqstra's revenue

2014-09-03 14:46

Eqstra Holdings has increased revenue to almost R10bn, but was impacted by industrial action.

DRDGold headline earnings falls 100%

2014-09-02 18:48

Although DRDGold increased gold production and decreased costs for the fourth quarter, headline earnings for the full financial year dropped by 100%.


Cashbuild CEO Werner de Jager speaks to Fin24 about the group's financial results after recording a 6% increase in revenue to R6.78bn.

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UK's Bunzl expects sales growth

2014-08-26 14:00

British business supplies distributor Bunzl is expecting underlying sales growth for the rest of its financial year to beat broader economic growth.

BHP unveils $14bn spin-off, profit up 8%

2014-08-19 10:04

BHP Billiton will spin off a roughly $14bn company to shareholders, offloading assets it acquired in its 2001 merger with Billiton.

Commerzbank profits up in second quarter

2014-08-07 10:45

Commerzbank, Germany's second-biggest bank, says its net profit has more than doubled in the second quarter.

Suez Environnement doubles profit

2014-07-31 09:17

Water company Suez Environnement has more than doubled its first-half net profit, buoyed by the sale of a stake in a Chinese electricity company.

Britain's RBS records sharp earnings rise

2014-07-25 10:15

Royal Bank of Scotland has made a pre-tax profit of $1.7bn in the second quarter, far better than analysts expected.

Strike hits earnings hard, warns Amplats

2014-07-14 09:04

Anglo American Platinum is expecting a significant drop in earnings for the first half of the year after a five-month strike crippled its operations.

Sugar workers to down tools over wages

2014-05-26 18:45

Some 5 000 sugar workers will embark on a strike for higher wages, says producer Tongaat Hulett.

Cost cuts, higher prices boost AngloGold

2014-05-19 10:36

AngloGold Ashanti, Africa's top gold producer, has reported a rise in first-quarter earnings as it cut costs and took advantage of a higher bullion price.

African Bank swings to loss as debt levels soar

2014-05-19 10:04

African Bank Investments has swung to a six-month headline loss after booking more bad loans as high debt levels and the platinum strike crippled many borrowers.


Poynting Holdings has released another good set of results, with after tax profit up by 72.7% and headline earnings per share increasing by 68.0%.

0 comments 972 Views

It’s been a tough year, we’ve been struggling on the top line, Cashbuild’s CEO Werner de Jager told Fin24 in a video interview.

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The weather hasn't been kind to Santam, while the rand exchange rate also impacted on earnings.

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Old Mutual profit growth flattened by currency hit

2014-02-28 13:34

London-listed financial services group Old Mutual has seen a 15% rise in profits in 2013 on the back of robust sales wiped out by a foreign exchange hit from its core South African market.


Blue Label beats the odds

2014-02-19 11:48

Blue Label Telecoms has released their half year results which management says it’s “very happy” with.

4 comments 2015 Views

Twitter shares slide

2014-02-06 16:59

Twitter shares are in a nosedive after the company's first earnings report shook up investors expecting strong growth.

Sappi posts $18m profit in Q1

2014-02-05 09:14

Sappi has posted a first quarter profit of $18m compared with $12m in the previous comparable period.

Amplats' hard-fought return to profit under threat

2014-01-22 12:25

Anglo American Platinum has swung back into profit in 2013 as it rebounded from a wave of wildcat strikes, but its recovery is threatened by a new bout of strikes.

Naspers’ globalisation increasing at rapid pace

2013-11-26 11:06

CEO Koos Bekker says that Naspers has earned the majority of its revenues in the six months to end September outside SA and more from internet businesses.


Rupert returns as Richemont sales falter

2014-09-17 15:19

The billionaire founder of the luxury goods firm that owns Cartier and Montblanc has returned as chairperson after a year's sabbatical, at a much-needed time.

Moneyweb struggles to gain traction

2014-09-15 13:15

Results show that Moneyweb is scrambling to hold its own among the offerings of big time media rivals like Naspers, Times Media and Independent Newspapers.

Moneyweb posts R2.6m loss, cans dividend

2014-09-12 17:44

Media group Moneyweb Holdings has reported a loss of R2.6m for the financial year ending June 30 2014, from R89 000 for the previous financial year.

Steinhoff increases revenue to R117bn

2014-09-10 15:19

Steinhoff International Holdings aims to turnaround troubled JD Group after posting a 20% revenue jump for the year ended June, CEO Markus Jooste tells Fin24.


Eqstra Holdings CEO Walter Hill speaks to Fin24 as the group recorded a revenue increase to R9.9bn, but operating profit dropped to R938m.

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Cashbuild shares soar on revenue surge

2014-09-02 15:07

Building retailer Cashbuild has recorded a 6% increase in revenue to R6.78bn, sending its share price higher by 7%.

Bidvest eyes London listing of food unit

2014-09-01 17:16

Bidvest CFO David Cleasby tells Fin24 the group is considering listing its food business on the London stock market after it announced an 11% rise in profit.

Edcon reports R6.6bn in quarterly sales

2014-08-21 14:18

Unlisted retailer Edcon has posted a 5.7% rise in retail sales to R6.6bn for the quarter ended June 28 2014.

Merafe soars on 134% jump in earnings

2014-08-12 13:09

Shares of Merafe Resources have jumped after the ferrochrome producer said first-half earnings and production have more than doubled.

HSBC issues profit warning

2014-08-04 11:44

HSBC is expected to report an 11% fall in profit for the first half of this year, hurt by falling revenues in a pared down business.

Tullow stays confident on oil in Africa

2014-07-30 11:36

Tullow Oil has drifted into the red after writing off more than $400m in exploration costs but the Africa-focused explorer has confidence that strategy will pay off.

Facebook strikes gold with mobile

2014-07-24 06:32

Facebook's fast-growing mobile advertising business has helped drive a 61% increase in revenue, beating Wall Street targets and sending shares to a record high.

Naspers earns R57bn from e-media

2014-06-23 15:32

Market watchers should have been pleased with Naspers' final results, considering its warning that high capital expenditure in e-commerce would impact on earnings.

Tongaat full-year earnings rise by 6%

2014-05-26 11:07

Sugar producer Tongaat Hulett has reported a 6% increase in full-year earnings, after softer global sugar prices and weak domestic demand weighed.

Barloworld ups profits despite delays

2014-05-19 10:19

Industrial group Barloworld has posted a 10% rise in first-half profit, citing strong after-market sales, even as project delays at home and in Russia weigh.

Lending rise boosts Nedbank income

2014-05-13 11:28

Nedbank has reported an 8.7% jump in net interest income in the first quarter, after a lending push grew total advances by nearly 15%.

Bad debt hits Capitec growth

2014-03-26 11:04

An increase of 50% in the provision for bad debt as clients battle to repay loans has impacted heavily on Capitec Bank’s annual earnings.

Growth in lending boosts FirstRand profits

2014-03-04 10:07

SA's second-largest bank FirstRand has posted a 21% rise in first-half earnings, helped by double-digit growth in earnings from lending.

Mondi full-year earnings, dividend up

2014-02-28 13:56

Paper maker Mondi has posted higher 2013 full-year earnings, helped by benefits from acquisitions in its packaging business.

JD Group bleeds as customers can't pay debt

2014-02-20 12:04

Furniture retailer JD Group has swung to a first-half loss and suspended its dividend, hit by a near-doubling of money set aside to cover customers' unpaid debts.

Gold Fields Q4 earnings slightly higher

2014-02-13 10:41

On a year-on-year basis, Gold Fields earnings were down 85%, a reflection of the falling gold price, which shed 28% in 2013.

Panasonic makes comeback

2014-02-05 10:49

Panasonic shares have rocketed 19% after the struggling Japanese electronics giant said it swung into the black with a $2.4bn profit in the nine months to December.

Twitter faces critical earnings test

2014-02-05 07:58

Twitter is releasing first earnings report since a wildly successful stock offering, in what is being seen as a critical test for the popular messaging platform.

BHP posts record Australian iron ore output

2014-01-22 10:09

Mining giant BHP Billiton has posted record half-year iron ore production from Western Australia, but held back from improving the full-year outlook.

Internet, pay-TV boost Naspers profit

2013-11-26 08:59

E-commerce and media giant Naspers has posted a 16% growth in first half earnings, stating that revenue from internet platforms expanded by 76% to R24.9bn.

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