Brown: Most parastatal CEOs didn't get bonuses

2015-01-04 20:15

Public Enterprises Minister Lynne Brown says most chief executives of key state-owned enterprises have not received performance bonuses.

Strikes fallout impacts Old Mutual sales

2014-08-07 11:52

Old Mutual says the economic fallout from mining strikes across South Africa would weigh on full-year sales.

Chocolatier estimates 51% growth

2014-07-03 21:00

British chocolate maker Thorntons estimates a 51% growth in full-year pretax profit, saying shares have risen by as much as 8%.

Prevent returns from eating into profits

2014-01-06 12:22

Returns can eat into business profits and a lot of money can be lost through poor route planning and theft during the return process, warns an expert.

Barloworld profits up 27%

2013-11-18 13:23

Barloworld has posted a rise in full-year profit, boosted by the contribution from its newly acquired Bucyrus business and a strong showing at its logistics unit.

Lonmin stops the bleeding

2013-11-11 10:21

Lonmin has posted a higher than expected pre-tax annual profit of $140m, after its finances were left battered due to labour unrest that left dozens dead.

Mediclinic sees over 50% profit boost

2013-11-07 10:43

Mediclinic has posted a 58% rise in first-year profit, helped by currency swings and a robust showing at its home market.

Nissan shares dive more than 11%

2013-11-05 10:50

Shares in Nissan Motor have plunged more than 11% after slashing its full-year earnings forecast, citing a sluggish European market and expensive product recalls.

Total's profits drop

2013-10-31 11:55

Oil and gas group Total has seen a sharp fall in net profit for the third quarter, owing to a surge of exploration costs and a slump in European refining margins.

BP profits slide

2013-10-29 14:29

British energy giant BP says its net profit fell 34% in the third quarter, mainly as a result of lower refining margins.

Volvo profit falls on new trucks launch

2013-10-25 13:52

Volvo has posted a sharp drop in third-quarter profit, hit by a strong Swedish currency and the costs of its biggest ever introduction of new models.

Abil warns of profits plunge on bad debt

2013-09-18 14:27

African Bank Investments says its full-year profit is likely to fall by as much as 63%, hit by higher provisions for bad debts and a loss at its furniture unit.

Asia sales boosts Lego profit

2013-09-05 12:40

Danish toy company Lego has reported a 13% rise in net sales for the first half of 2013, citing strong sales in Asia.

African Rainbow Minerals profits halved

2013-09-02 09:56

African Rainbow Minerals says its full-year earnings rose by 7% but profit halved after it took a R2bn hit on its investment in Harmony Gold.

Distell earnings up on sub-Saharan demand

2013-08-21 15:57

South African drinks company Distell has reported a 10% increase in full-year profit, boosted by strong sub-Saharan sales and a weaker rand currency.

Dell profits take fresh hit amid PC woes

2013-08-16 09:48

Dell says its quarterly profit plunged 72% from a year ago as the struggling computer giant felt the impact of weak PC sales.

JSE sees 35% profit jump

2013-08-14 10:54

Bourse operator JSE has posted a 35% rise in first-half earnings, lifted by robust trading that has sent key indices to a series of lifetime records.

Sibanye posts 70% drop in profit

2013-08-13 09:49

Sibanye Gold has reported a 70% drop in first-half profit, hit by a fire at a mine.

Mondi's profit rises 48%

2013-08-08 10:58

Paper maker Mondi has posted a 48% jump in first-half earnings, helped by the benefits of its recent acquisitions and strong demand for packaging paper.

StanChart profit sags on $1bn Korea hit

2013-08-06 12:30

Asia-focused bank Standard Chartered has taken a $1bn hit on the value of its Korean business, which dragged its first-half profit down by 16%.

Nigeria theft blots Shell profits

2013-08-01 10:45

Rising costs and a surge in oil thefts in Nigeria has hit Royal Dutch Shell's second quarter profits.

Nintendo swings back to profit of $88m

2013-07-31 11:34

Japan's Nintendo says it has made a profit of $88m in the three months to June thanks to a weaker yen which helped the company's results overseas.

BP net profit back to $2bn

2013-07-30 10:36

BP says it has returned to profit in the second quarter of 2013, after loss over lower oil prices and writedowns on assets in the previous year.

Kuwait's Zain telecom profits dive 14%

2013-07-29 12:02

Kuwait telecoms giant Zain says its net profits have taken a 14.0% dip in the second quarter due to currency fluctuations at its Sudan unit.

Strike weighs on Kumba profits

2013-07-23 09:02

Kumba Iron Ore has reported little growth in first-half profit, hit by a sharp fall in iron ore prices and strike action.


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.

Weak rand lifts Royal Bafokeng earnings

2014-08-05 10:01

Royal Bafokeng Platinum says interim headline earnings have risen by a third as weakness in the currency lifted the rand price of platinum group metals.

Shell issues shock profits warning

2014-01-17 14:46

Shell has issued a severe profits warning, blaming exploration costs and disruption to Nigerian output, which sparked a sharp drop in its share price.

Emerging market drinkers help SABMiller

2013-11-21 11:21

SABMiller reported a rise in profits for the first half of its financial year, as strength in Africa helped offset declining beer sales in Europe and North America.

Netcare profits up 25%

2013-11-18 09:40

Netcare has reported a rise in full-year profit, helped by a strong performance in its South African market.

Harmony hits gold on increased production

2013-11-08 09:46

Harmony Gold Mining Company has posted a quarterly profit after two previous quarterly losses as it improved output and grades.

ArcelorMittal earnings jump 35%

2013-11-07 09:41

ArcelorMittal has reported a 35% rise in third-quarter profit as sales rose but it said a fall in domestic sales would ensure a weaker fourth-quarter result.

Nestle profits climb 11%

2013-10-31 13:13

Nestle Nigeria says its nine-month pretax profit rose 11.43% to 20.37bn naira from 18.28bn a year earlier.

Chrysler's profit jumps 22%

2013-10-30 13:02

Chrysler says its net profit for the third quarter rose 22% to $464m, and it confirmed its full-year sales forecast of $75bn.

African business boosts Shoprite sales

2013-10-28 10:02

Shoprite has reported a 10% rise in July-September sales, thanks to a strong showing at the stores outside its mainstay home market.

Afrimat to see up to 45% profit increase

2013-10-22 14:50

Afrimat says it expects its first-half earnings to increase by between 35% and 45% after its mining division did well despite tough trading conditions.

Aspen profit rises, plans Russia campaign

2013-09-11 15:36

Aspen Pharmacare says its full-year earnings rose by a quarter, helped by strong performance, and it was planning a push into Russia.

Wonga profit up as demand for loans surges

2013-09-03 15:07

Short-term loan provider Wonga has reported a 36% rise in 2012 profit, benefiting from a surge in applications by cash-strapped Britons.

Exxaro earnings tumble

2013-08-22 10:39

Exxaro has reported a 39% drop in first-half headline earnings, booking an impairment of R292m on a coal mine that could cease production.

Carlsberg earnings flat

2013-08-21 12:58

Brewer Carlsberg has lagged operating profit and revenue forecasts in the second quarter after strong Asia growth failed to compensate for European markets.

Zurich Insurance profits fall 17%

2013-08-15 09:52

Swiss insurer Zurich Insurance says its net profits slid by 17% to $1.85bn (€1.39bn) in the first half of the year on the back of weather-related disasters.

Walmart unit boosted by currency impact

2013-08-14 09:59

Massmart, the South African unit of Walmart Stores says its first-half earnings rose by as much as 57%, lifted by favourable exchange rates.

Elizabeth Arden sales worse-than-expected

2013-08-08 14:49

Elizabeth Arden has reported much worse quarterly results than expected as an unnamed retailer ordered less products than planned.

Disney revenues rise 4%

2013-08-07 10:37

Entertainment giant Disney has reported a 4% rise in third-quarter revenues, fueled by increased sales at its media networks and the parks and resorts division.

HSBC bank says profit jumps 22%

2013-08-05 14:01

Global banking giant HSBC has announced a 22% increase in half-year net profits to $10.28bn (€7.73bn) on lower costs and falling bad-debt charges.

Investec posts flat operating profit

2013-08-01 10:25

Investec says its operating profit in the three months to end-June has remained flat as a rise in costs crimped growth.

Ghana's GCB reports 80% earnings jump

2013-07-31 10:50

Ghana Commercial Bank says its net profit for the first six months of 2013 climbed 80% to 90.425m cedis from 50.207m cedis during the same period a year ago.

Gem Diamonds cuts production forecast

2013-07-29 12:30

Gem Diamonds says it has recovered 26% fewer carats in the first half and cut its full-year production forecast for its key Letseng mine in Lesotho.

Beazley's profit falls on low returns

2013-07-23 09:54

Insurer Beazley reported a 27% slide in first-half profit due to reduced investment income and the impact of foreign exchange losses.

Bank of America profits jump 70%

2013-07-18 11:47

Bank of America has reported a 70.2% increase in second quarter profits, fueled by strong trading and wealth management returns and better credit quality.

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