AYO: We will not have to amend results again

2019-06-12 20:16

According to its latest statement, AYO believes its August 2018 audited results will not have to be restated.

Tongaat shares suspended to 'protect investors'

2019-06-10 16:16

The board of Tongaat Hulett has requested the suspension of its listing on the Johannesburg Stock Exchange amid an investigation.

'Very good year' for Pick 'n Pay, earnings per share up 18%

2019-04-26 12:14

Pick 'n Pay delivered an "exceptional performance" over the past year, according to Chairman Gareth Ackerman, with headline earnings per share up 18%.

Microsoft surpasses $1 trn valuation as results dazzle

2019-04-25 18:57

Microsoft shares jumped to record levels on Thursday, with the company’s stronger-than-expected March quarter results lifting its market capitalisation “to $1trn and beyond,” in the words of Morgan Stanley.

Absa separation from Barclays going well – finance director

2019-03-11 16:17

Absa Group's separation from UK-based Barclays has been progressing well, Jason Quinn, Absa Group Financial Director has said.

Nedbank's headline earnings up 14.5%

2019-03-06 10:13

The bank is eyeing further digital development and African expansion on the back of its success in 2018.

Sugar tax didn't sweeten the deal for Clover

2019-03-05 10:58

The sugar tax may be aimed at reducing consumption, but it ate its way into Clover's profits, the group said on Tuesday.

Naspers eyes more opportunities in food delivery

2018-11-30 19:57

Naspers is focusing on expanding in the food delivery space, and the internet and media group is also still bullish about its growth prospects through its stake in Chinese tech giant Tencent, says CFO Basil Sgourdos.

Telkom is seeing massive growth in cellphone subscribers – and it keeps making more money out of them

2018-11-13 09:13

Telkom increased its mobile subscribers by more than half again in its last six months, but in contrast to long-held wisdom, its average revenue from each of those customers is increasing.

Famous Brands warns of R874m impairment

2018-10-15 12:03

Famous Brands has decided to recognise an impairment of R874m pre-tax at Group level, with the basic loss per share expected to be up to 623 cents per share for the six months ended August 31, 2018.


Equity transaction to knock MultiChoice earnings

2019-06-10 21:15

Entertainment company MultiChoice expects higher operating profit for the March 31, 2019 year. However, an equity transaction may impact its overall earnings negatively.

Astral expects lower earnings, blames municipality for higher operating costs

2019-04-30 12:02

Poultry producer Astral has lowered its projections of earnings for the six months ended March 31, 2019.

Marlboro maker Altria slides as cigarette sales keep falling

2019-04-25 22:30

Altria Group, the Marlboro maker that’s been diversifying into cannabis and vaping, fell after reporting first-quarter results that missed the lowest analyst estimate.

Health & beauty gives Clicks a boost - despite the cost of load shedding

2019-04-17 13:28

Clicks Group's core health and beauty markets have been resilient despite load shedding making a negative impact trade sentiment, says CEO Vikesh Ramsunder.

MTN to take on streaming, instant messaging as 'key focus areas'

2019-03-07 10:30

MTN said it was satisfied with its year-end results on Thursday, vowing to keep expanding as a digital operator with a major focus in fintech and digital areas.

RBPlat share price takes a knock despite boost in platinum output

2019-03-05 14:12

Royal Bafokeng Platinum has reported 25.8% increase in normalised earnings to R166.5m, despite headline earnings taking a substantial 54.2% knock.

This was the worst CA exam in five years - but embattled audit firm KPMG delivered the most top performers

2019-02-21 07:26

A third of South Africans who sat for the final qualifying chartered accountants exam failed.

Telkom shareholder earnings hit by voluntary severance and early retirement packages

2018-11-13 11:07

Telkom's shareholder earnings are down 3.3% to 288c for the six months ended September 30, due to the costs of voluntary severance and early retirement packages which came to R288m as well as the related tax impact of R80m.

Mediclinic shares tank as H1 profits drop

2018-10-17 13:14

Mediclinic International's share price was bleeding on Wednesday afternoon after the group warned shareholders that profits would likely be lower than expected.

ACSA revenue, profit tanks following tariff reduction

2018-09-27 17:38

ACSA reported a 20% decrease in revenue and a 58% decrease in profits for the year ended March 31, 2018 following a substantial cut in fees.

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