Hudaco reports profit fall on slower economy

2016-07-01 10:30

Hudaco Industries have reported a 13.9% fall in half-year basic and headline earnings per share hurt by weak domestic economic growth and lower commodity prices.

Tesco maintains quarterly growth as turnaround momentum

2016-06-23 09:25

Tesco has reported a second straight quarter of UK sales growth, the first time it’s done so in five years as the grocer’s turnaround gains momentum.

BHP flags 'another 10yrs' as iron ore adjusts after boom

2016-06-21 12:27

The iron ore market will take longer to balance out than other commodities as excess supply may take years to be absorbed after a boom, according to BHP Billiton.

PPC half-year profits plunges

2016-06-14 16:32

South Africa's biggest cement maker PPC has reported an 11.7% decline in half-year profits, with auditor Deloitte & Touche adding a disclaimer in the results statement.

SA’s worst CEO – paid R50m a year; lost his company billions

2016-06-09 09:29

Sasol CEO is unlikely to retain fond memories of his time in Johannesburg. Those responsible for his unsuccessful appointment will be doing some reflection of their own.

OK Zim profit tumbles as demand wanes

2016-06-07 11:29

OK Zimbabwe saw after-tax profits drop 91.1% from $7.5m to $0.7m for the year to end-March, as lower prices failed to stimulate demand.

Investors cheer Mr Price profits

2016-06-01 15:25

Investors have cheered Mr Price results, sending the share price soaring over 7% after the clothing retailer for the first time posted sales in access of R20bn.

Boost for Bidvest as Bid Corp lists on JSE

2016-05-30 12:11

Bidvest and its newly spun off food services unit Bid Corp have increased their combined market valuations after the latter started trading on the JSE.

Tongaat Hulett turns to property as drought cuts profits

2016-05-30 09:22

A severe drought has cut profit from Tongaat Hulett’s sugar operations by 85%, but land development and starch operations helped reduce its overall loss to 18%.

Computerised trader beats banks in top currency ranks

2016-05-25 13:18

Computerised trading firm XTX Markets has come from nowhere to dethrone major banks in the rankings of the world’s biggest spot currency traders.


British Airways owner sees Brexit volatility reducing profit growth

2016-06-24 11:44

British Airways owner IAG has said the UK’s vote to leave the European Union will reduce profit growth in 2016 amid a short-term impact on travel demand.

H&M earnings decline on weak sales growth

2016-06-22 09:00

Hennes & Mauritz has reported a decline in earnings as the fashion retailer marked down merchandise that wasn’t selling in Europe because of unusually wet weather.

Amplats sees profit falling on platinum drop, tax adjustment

2016-06-21 11:44

Anglo American Platinum has said first-half profit will probably be at least 20% lower after a tax gain boosted earnings in the previous year.

Danone forecasts higher profitability this year

2016-06-14 08:07

Danone says its profitability will improve this year as it contains costs, and that the operating margin should widen by 0.5 to 0.6 percentage points in 2016.

Nampak Heps up 21% as it prepares for tough second half

2016-06-01 16:59

Nampak has announced a 21% rise in adjusted headline earnings per share for the six months to end-March, as it gears up for what it sees as a challenging second half.

Tongaat Hullet's Zim operation hit by low prices, reduced output

2016-05-31 13:58

Tongaat Hulett's Zimbabwe operations recorded significantly reduced revenues and profits for the year to end-March 2016.

Famous Brands profits up as sales rise

2016-05-30 10:15

Famous Brands, South Africa's biggest fast-food restaurant chain, has reported a 16% rise in profits, its fifteenth consecutive year of growth.

UK boost for Foschini sales

2016-05-27 18:35

The Foschini Group has posted an increase of 31.2% in retail sales, with the group's UK fashion brand Phase Eight surpassing expectations.

Mediclinic announces 7% revenue growth

2016-05-25 09:27

Mediclinic International has announced 7% revenue growth for the year to end-March, thanks to stable margins at 20.3% driving strong underlying earnings growth.

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