PetroSA posts R1.65bn net loss

2014-10-21 21:00

PetroSA has recorded an overall net loss of R1.65bn in the last financial year, despite an operating profit of R2.2bn.

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

0 comments57 Views

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.

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.

0 comments23 Views

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.


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.

0 comments9 Views

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

0 comments 0 Views

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 comments19 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.

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.

0 comments42 Views

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 986 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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