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 790 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.

0 comments 335 Views

Santam boss talks rugby

2014-02-28 14:38

Santam CEO Ian Kirk tells Fin24 why it doesn't support rugby teams. Watch.

0 comments 0 Views

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.

Gold Fields back in the black

2013-11-20 12:33

Bullion producer Gold Fields has returned to quarterly profit on Wednesday, helped by cost cuts and higher production.

Google shares soar past $1 000

2013-10-20 18:50

Shares of internet search and advertising titan Google have soared more than 13% to pass the $1 000-mark for the first time after a strong earnings report.

Weak rand boosts Steinhoff's profits

2013-09-10 17:41

Furniture retailer Steinhoff International has reported a 25% increase in earnings, bolstered by rand weakness against the euro and a rise in group revenue.

Sun International posts 10% jump in profit

2013-08-26 09:20

Hotel and gaming group Sun International has reported a 10% increase in full-year earnings and gave a subdued outlook for the coming year.

Shoprite profit up 11%, misses forecast

2013-08-20 10:52

Shoprite, Africa's biggest grocer, has missed forecasts with an 11% rise in full-year profit as debt-laden consumers at its core South African market cut down on spending.

Northam earnings up 69%, forgoes dividend

2013-08-15 09:57

A weaker rand currency has helped lift full-year earnings at Northam Platinum by 69%, although the mining company declined to pay a dividend.

New insurance business buoys Liberty

2013-08-01 09:10

Long-term insurer Liberty Holdings has posted a 6% rise in half-year earnings after strong growth in new insurance business.

Absa warns on loan income, earnings up

2013-07-30 08:03

Absa Group expects loan income to remain under pressure as demand for credit in South Africa stays weak, says chief executive Maria Ramos.

Merafe warns on half-year profits

2013-07-24 13:23

Shares in Merafe Resources have slumped as the ferrochrome miner said half-year profits are likely to dip by at least 20%.

Amplats profit almost doubles

2013-07-22 09:18

Anglo American Platinum, the world's largest producer of the precious metal, nearly doubled its first-half profit, helped by a weaker rand and higher sales.

Sarb records R1.3bn after-tax loss

2013-06-28 11:24

The South African Reserve Bank and its subsidiaries have recorded an after-tax loss of R1.3bn in the financial year ended March.

Alexander Forbes profits rise 9%

2013-06-19 12:19

Alexander Forbes says that profit from continuing operations before non-trading items increased 9%‚ while pre-tax profit rose by 11% in the year to end March.

Telkom profits plunge

2013-06-14 09:23

Telkom has posted a 73.2% decline in headline earnings, saying it is largely due to the cost of voluntary severance packages and a Competition Tribunal fine.

Rand knocks Adcock Ingram

2013-06-04 10:14

Adcock Ingram has reported a 5% drop in headline earnings per share for the half-year to end March despite challenges, the company says.

Aquarius shines on sterling Q3 output

2013-04-30 10:42

Shares of Aquarius have climbed more than 4% as the world's No. 4 platinum producer reported a 20% jump in third-quarter output year-on-year.


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.


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

0 comments 5548 Views

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 1839 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.

Vukile declares special distribution of 13.83c

2013-11-25 15:53

Vukile Property Fund has greatly enhanced the quality of its portfolio and is confident of meeting its distribution growth guidelines, says CE Laurence Rapp.

Transnet steams ahead with 71% jump in profit

2013-10-24 13:14

Logistics giant Transnet has announced a 14.3% increase in revenue, qwhich has driven its profit higher by 71.2% to R2.9bn in the six month to September.

Kagiso revenue tops R1bn

2013-09-18 08:32

Kagiso Media has topped R1bn in revenue for the first time to post a 30.8% increase in core headline earnings to R252.9m for the 12 months to June.

Naspers internet businesses turn a corner

2013-08-30 15:19

Results of media group Naspers show it has reached the strategic milestone of revenue from its internet businesses exceeding that of pay television.

Bidvest profits up as Asia offsets weak SA demand

2013-08-26 09:04

Food and shipping giant Bidvest has posted a 6% rise in profit, as a strong showing in Asia and positive currency swings offset weak demand at home and in Europe.

Lending boosts Standard Bank's profit

2013-08-15 10:19

Standard Bank Group, Africa's largest lender, has posted an 11% rise in first-half earnings as strong loan growth helped offset a spike in bad debt charges.

Rescued Lloyds bounces into profit

2013-08-02 07:24

Britain's state-rescued Lloyds Banking Group returned to first-half net profit, just as the government looks to return the bank to the private sector.

ArcelorMittal SA bruised

2013-08-01 08:55

ArcelorMittal South Africa, a unit of the world's top steelmaker, has reported a first-half profit loss as sales weakened and production dipped.

Amplats warns on unrealistic wage demands

2013-07-24 13:45

Amplats, the world's top platinum producer, has warned it could not afford "unrealistic" wage rises, as it continues to battle loss-making mines.

Apple profit down 22% but tops forecasts

2013-07-24 07:51

Apple has delivered better-than-expected earnings helped by strong sales of iPhones, boosting the sagging share price of the maker of the iPhone and iPad.

Costs cut Eskom profits to R5bn

2013-07-10 13:27

Eskom has increased its revenue dramatically from R114bn to R128bn for the year to end-March, primarily thanks to higher electricity tariffs.

Internet boosts Naspers profit

2013-06-25 08:35

Media and internet firm Naspers has posted an expected 20% jump in annual profit, boosted by strong performance in its internet businesses and a weaker rand.

African Media posts 8% rise in earnings

2013-06-14 10:53

African Media Entertainment has reported an 8% rise in headline earnings per share to 463.9 cents for the year ended March 2013.

Sanlam writes R49bn in new business

2013-06-05 14:47

Sanlam says its new business volumes have increased by 30% at R49bn in the four months to end-April.

Toyota profit triples to $9.7bn

2013-05-08 10:18

Toyota's full-year net profit more than tripled to $9.7bn, with the world's largest automaker adding it was on track for another soaring profit in the current fiscal year.

BP profits beat forecast by $1bn

2013-04-30 10:00

BP profits have outperformed expectations by almost $1bn in the first quarter thanks in part to the high margin nature of new production.

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