Brait results show impact of stronger rand to pound

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Cape Town - Investment company Brait [JSE:BAT] on Tuesday released its results for the financial year ended March 31 2017, showing the impact of the strengthening of the rand against the pound over the year.

Brait has a primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the JSE.

Brait received proceeds of R603m from its investment portfolio during the 2017 financial year, comprising R281m from Premier and R322m from the other investments portfolio, which were mostly from DGB. This resulted in Brait generating positive operating cash flows for the 2017 financial year.

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Rand - Dollar
14.13
+0.1%
Rand - Pound
19.84
+0.1%
Rand - Euro
17.08
-0.1%
Rand - Aus dollar
10.91
+0.0%
Rand - Yen
0.13
-0.1%
Gold
1,817.01
+0.1%
Silver
26.92
-0.3%
Palladium
2,825.00
-1.2%
Platinum
1,207.00
-0.6%
Brent Crude
69.32
+1.1%
Top 40
60,111
-2.3%
All Share
66,083
-2.0%
Resource 10
69,239
-3.4%
Industrial 25
82,371
-1.7%
Financial 15
12,544
-0.8%
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