Illovo earnings drop on global price dip

2014-12-01 09:23

Illovo Sugar has reported a 10% decline in first-half earnings due to lower sugar production and depressed global prices.

Naspers delivers solid growth

2014-11-25 08:28

The Naspers Group has continued to deliver strong growth according to its half-year results, with revenues rising by 30% year-on-year.

Investec earnings up, bad loans down

2014-11-20 11:48

Investec has reported an expected 14% rise in first-half earnings as it benefited from a drop in bad loans and a boost in assets under management.

EasyJet annual profit rallies

2014-11-18 11:15

EasyJet's annual profits has climbed on the back of rising passenger numbers and sales, the no-frills British airline says.

Zim favours traditional beer as economy sinks

2014-11-13 12:00

Zimbabweans have turned to traditional beer consumption as the country’s economy continues to head south, results from SABMiller's ZImbabwe unit Delta show.

Import protection boosts Hulett's Zim unit

2014-11-11 14:11

The government's import protection on sugar helped the Zimbabwe-based operation of Tongaat Hulett record more sales than the previous comparative half-year.

Lonmin results dominated by strike impact

2014-11-10 13:36

The five-month strike in the platinum sector has caused a loss of 391 000 saleable ounces over the last financial year, mining company Lonmin reports.

SocGen profit leaps on risk costs cut

2014-11-06 11:35

French bank Societe Generale's third-quarter earnings have leapt 56.6%, beating expectations, in large part due to reduced risk costs.

Currency swings boost Mediclinic profit

2014-11-06 09:20

Private hospital operator Mediclinic has reported a 10% rise in first-year profit, helped by favourable currency swings and a solid showing at home.

Sekunjalo posts R100m profit

2014-11-04 19:23

Sekunjalo Investments Limited has announced that it had increased its annual profit to more than R100m.

Imperial Tobacco results hurt by destocking

2014-11-04 11:20

Imperial Tobacco Group has reported declines in full-year revenue and profit, hurt by currency exchange rates and a reduction of inventories in several markets.

AngloGold hit by price, inflation pressures

2014-11-03 11:45

Africa's top bullion producer AngloGold Ashanti has reported a sharp fall in third-quarter earnings, in the face of a lower gold price and higher tax charges.

Shell posts mixed third-quarter earnings

2014-10-30 12:45

Shell has posted mixed third-quarter earnings, as it weathered sliding oil prices but was buoyed by improved capital efficiency and strong project delivery.

Honda profit up 18%

2014-10-28 11:45

Honda says its net profit for the July-to-September period has increased to $1.32bn, thanks to a weaker yen and cost-cutting measures.

Zim's slowdown hits Econet hard

2014-10-23 18:09

Profitability in Zimbabwe's Econet Wireless has declined 30% in the half year to August, a development executives attribute to a slowdown in the country's economy.

Harmony posts a R1.27bn net loss

2014-10-23 10:59

Mining company Harmony Gold has recorded a net loss of R1.27bn for the 2013 to 2014 financial year, according to its audited financial results.

McDonald's quarterly profit falls 30%

2014-10-21 16:27

McDonald's has reported a 30% fall in quarterly profit, hurt by a food scandal in China and intense competition in the United States.

Delta Property Fund distribution ticks up

2014-10-19 19:05

Black-managed Delta Property Fund is on track to meeting its full year distribution, says CEO Sandile Nomvete in an interview with Fin24.

Bank of America reports $70m loss

2014-10-15 15:00

Bank of America reported a $70m third-quarter loss. following a $5.3bn charge to settle mortgage securities litigation.

Phumelela posts rise in headline earnings

2014-10-06 16:31

Phumelela Gaming & Leisure posted a 15% jump in headline earnings per share, despite losses in horse racing and tote betting in SA.


Phumelela Gaming & Leisure CEO Rian du Plessis tells Fin24 the group is set to expand its local and international businesses after postings an increase in headline earnings

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Electricity tariffs drive municipal income

2014-09-29 20:41

The municipal total income for the second quarter of 2014 is R68.4bn, with sales of electricity being the main source of income.

BlackBerry eyes profits as loss narrows

2014-09-26 18:48

BlackBerry has expressed optimism that its major restructuring and new business-friendly devices will help fuel a turnaround.

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.


Eskom reports lower first-half profits

2014-11-25 14:31

Eskom has reported a profit of R9.3bn for the last six months, down 24% from R12.2bn for the same period the previous year.

JSE – Market awaits news on GDP formula

2014-11-24 06:00

The week ahead will see the release of some figures as well as the announcement of the GDP to be calculated according to a new and improved formula.

Tiger Brands writes down Nigeria unit value

2014-11-19 09:24

Tiger Brands has taken another write-off charge at its money-losing Nigerian unit as it posted an 11% increase in full-year profit

Telkom earnings tumble as restructuring bites

2014-11-17 09:24

Telkom SA has posted an expected drop in first-half earnings, hit in part by restructuring costs after it had to let go hundreds of workers.

Vodacom takes R1bn hit on termination rates

2014-11-11 14:31

South Africa's Mobile Termination Rates (MTR) policy is hurting the operator, as Icasa pushes ahead with asymmetric reductions.

Lonmin to cut R2bn of costs

2014-11-10 18:26

Lonmin says it will cut more than R2bn of costs and set a higher hurdle for new projects after being dragged into the red this year by a bruising five-month strike.

Tongaat profit up on import tariff rise

2014-11-10 08:37

Sugar producer Tongaat Hulett says first-half operating profit grew 9.3% as import tariff hikes and cost cuts partially offset the effects of low sugar prices.

Hope for women's clothing as M&S profits rise

2014-11-06 09:50

A glimmer of improvement in women's clothing has helped British retailer Marks & Spencer to post its first rise in first-half profit for four years.

Wescoal bets on new mine as a game changer

2014-11-05 15:31

Wescoal has posted a solid interim financial results and the junior miner is set to further improve margins and profitability, says CEO Andre Bojé.

Imperial Tobacco pledges dividend increase

2014-11-04 15:44

Imperial Tobacco will raise its dividend by at least 10% in the next year, signalling confidence that cost cuts will help it to cope with weak consumer spending.

L'Oreal manages sales growth, despite setback

2014-11-04 09:45

French cosmetics group L'Oreal has managed to record a 2.0% gain in third quarter sales despite a soft performance in Western Europe.

ExxonMobil earnings edge up

2014-10-31 19:30

ExxonMobil has reported slightly higher third-quarter earnings as better results in refining and chemicals offset lower profits from exploration and production.

Successful strategy leads to Denel turnaround

2014-10-29 13:09

State-owned arms manufacturer Denel has made a huge turnaround, returning to profit over the last four years thanks to its turnaround strategy.

BP profits slump on sliding oil prices

2014-10-28 11:18

Profits at BP have dropped in the third quarter against a backdrop of sliding crude oil prices, says the British energy giant.

Caterpillar posts strong quarterly earnings

2014-10-23 15:30

US industrial giant Caterpillar has reported sharply improved earnings for the third quarter despite slower global economic growth.

More belt-tightening at Coca-Cola

2014-10-21 18:51

US soft-drink maker Coca-Cola say it will broaden a cost-cutting plan after profits dipped 14% in the third quarter.

Calgro M3 back on growth path - CEO

2014-10-20 06:15

Calgro M3 Holdings CEO Ben Pierre Malberbe is positive about the rest of the year after the group reported a 27% increase in interim headline earnings.

Pick n Pay profit fails to wow investors

2014-10-16 17:10

Pick n Pay Stores have failed to impress investors with a more than one-third rise in profit, overshadowed by concerns on the impact of consumer spending.


Calgro M3 Holdings CEO Ben Pierre Malberbe tells Fin24 the group is positive about the future after releasing its interim results.

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Phumelela Gaming & Leisure CEO Rian du Plessis tells Fin24 the group is set to expand its local and international businesses after postings an increase in headline earnings

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Aston Martin loss shrinks by a third

2014-10-06 15:00

British sports car maker Aston Martin, famed for supplying James Bond's cars of choice, has reported a pre-tax loss fall by a third in 2013.

Prasa posts R336m profit

2014-09-29 20:19

The Passenger Rail Association of SA has recorded a profit of R336m for the financial year ending 2013/14, says Transport Minister Dipuo Peters.

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.

0 comments28 Views

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.

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