AEEI reports jump in earnings, profit

2016-05-04 13:00

Empowerment company African Equity Empowerment Investments has reported a jump in earnings on the back of increased profit.

Exxon posts smallest profit since 1999

2016-04-29 15:15

Exxon Mobil has posted its weakest quarterly profit in more than a decade amid tumbling energy prices that have already cost its sterling credit rating.

PSG Group delivers strong results

2016-04-18 18:40

PSG Group, the JSE-listed investment holding company has delivered strong results amid uncertain market conditions in the financial year ended February 2016.

Truworths Zim sales up but clothing retailers suffer

2016-03-09 19:33

Job losses and delayed pay dates in Zimbabwe are worsening trading conditions for credit-based clothing and apparel retailers in the country.

FirstRand shares drop as growth slumps

2016-03-08 12:06

FirstRand has cut back on extending credit because of slowing growth, while stocks have lost as much as 5% in morning trade on the JSE.

Nedbank's Zim unit records profit growth

2016-03-03 16:19

Nedbank has provided a $75m line of credit to its Zimbabwean subsidiary MBCA Bank, which has reported an 8% rise in profit after tax to $5.835m from $5.380m in 2014.

Barclays axes jobs as net losses more than double

2016-03-01 11:46

British bank Barclays is cutting thousands of jobs as it seeks to slash costs after net losses more than doubled and amid its intention to sell its 62.3% stake in Absa.

Brimstone 'resilient' in volatile market

2016-02-29 15:19

Brimstone Investment Corporation has reported a loss, mainly attributable to volatile market conditions which negatively impacted some of its listed holdings.

Zimplats slashes capex spend, freezes new labour

2016-02-25 15:15

Low platinum prices and a loss for the six months end-December 31 have forced Impala Platinum-owned Zimplats to cut capital expenditure by 54%.

Sun International optimistic despite casino slump

2016-02-22 17:39

Sun International is happy with progress in the insource of food and beverage revenue and the impact of new properties, while core casino revenue remains a worry.


Maersk soars after profit drops less than expected

2016-05-04 11:15

AP Moeller-Maersk has risen the most in two-and-a-half months after reporting a smaller decline in profit than estimated.

Volvo earnings beat estimates

2016-04-22 15:57

Volvo's first-quarter operating profit have beaten estimates as the truck maker reduced costs by scaling back production in response to slowing demand in North America.

Old Mutual Zim reports strong results

2016-03-31 10:22

Old Mutual Zimbabwe has announced an adjusted operating profit of $76.0m, up 5% from the prior year with solid performances by the banking unit and the life business.

Ascendis plays like a good soccer team - CEO

2016-03-09 18:59

The success of Ascendis Health lies in its strategy of diversification, says CEO Dr Karsten Wellner at the announcement of interim results.

Sasol profit drops on global volatility

2016-03-07 15:26

Sasol's profit for the first half of its financial year fell by 50% in a challenging global environment, while headline earnings per share were 24% down to R24.28.

Nedbank full-year profit rises 9.4%

2016-03-02 10:55

Nedbank Group says full-year profit gained 9.4% after the retail unit boosted customer numbers and the bank controlled costs.

Glencore profit slumps as metal, oil prices slide

2016-03-01 10:41

Commodity trader and miner Glencore has reported a 69% slump in profit as prices for metals and oil tumbled amid gluts and slowing demand from China.

Liberty reports earnings rise

2016-02-26 11:19

Liberty Holdings has reported a 4% rise in group normalised headline earnings to R4 128m in its full-year results to end-December 2015.

Adcock reports 20% profit jump

2016-02-24 10:00

Adcock Ingram Group reported a 20% rise in trading profit on the back of a 7.1% increase in turnover in its interim results to December 31 2015.

Weak rand impacts Comair results

2016-02-22 16:44

The collapse of the rand to record lows against the dollar has been one of the biggest challenges for Comair during the first half of its financial year.

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