New stores give Cashbuild a boost amid flat trading

2019-10-21 12:24

Cashbuild Group announced 2% increase in revenue with its new stores contributing 2% to this increase in revenue.

Sunday Times owner Tiso Blackstar expects a loss

2019-10-15 21:51

The decline was due to "once-off" costs, the company said.

Bowler Metcalf results tempered by plastics strike

2019-09-12 10:48

The cost of load-shedding, increases in material prices and a weaker order book also hurt its bottom line.

Eskom needs government support to stabilise its debt – Moody's

2019-08-06 17:25

Eskom's net loss of R27bn for the 2018/19 financial year further highlights its unsustainable capital structure and the urgency for a turnaround plan, says ratings agency Moody's.

Shoprite rallies, jumps most since 1997

2019-07-30 19:18

Shoprite rallied the most in 22 years after Africa's largest food retailer said second-half sales climbed as it took market share.

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.


Adcorp 'disappointed' as it reports loss

2019-10-16 21:27

Following the resignation of its CEO, Adcorp announced in a statement on its unaudited results for the six months ended on August 31, 2019 that it had suffered a 10% drop in revenue and R447m net losses.

Profit plummets at ACSA amid spiralling security costs

2019-09-17 16:53

Airports Company South Africa has seen its profits fall by 58% in the year to end-March, due in part to a 50% rise in security costs.

Absa posts half-year earnings growth of 3%

2019-08-13 08:07

Absa has posted earnings growth of 3% for the first half of 2019, it was bolstered mainly by its South African retail and business banking unit.

Tongaat Hulett's Zim unit misses extended deadline to release financials

2019-08-02 14:13

Tongaat Hulett's listed unit in Zimbabwe has delayed its financials for the second time after missing the July 31 extended deadline, saying it was now finalising complex accounting issues stemming from its JSE-listed parent company's re-statement of financials.

Netflix earnings were a shock - but being tight-lipped makes surprises hard to avoid

2019-07-21 09:54

Netflix’s biggest earnings surprise in years sent the shares plummeting the day after results were released, leaving analysts and investors wondering why they were caught so off guard.

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.

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