ADVTECH LIMITED – Results, and more

 ADVTECH LIMITED – Results, and more

ADVTECH LIMITED – Results, and more.

Spread the love

Shares on the Johannesburg Stock Exchange slipped slightly from Friday’s close as investors waited for clarity on the future course of the Russian-Ukrainian war and peace talks between the two sides. The benchmark index closed down 0.18% at 74,194 points, while the blue-chip index closed down 0.21% at 67,436 points. The local stock market, which has been out of favour with foreign investors since February as they have turned away from Russia, had a largely whipsaw month, driven by the rise and fall of commodity prices amid inflationary pressures.

The rand fell back from a five-month high against the dollar on Monday as the greenback strengthened and China’s reimposition of a curfew in Shanghai hurt risk appetite. At the close of trading, the rand was trading at around R14.68 to the dollar, 1.06% weaker than its close of R14.53 the previous day. Investors were also focused on the peace talks between Russia and Ukraine, which are scheduled to take place in Turkey this week.

Gold prices were unchanged this morning as the dollar held at its three-week high from the previous day and yields rose, dashing hopes for peace talks between Russia and Ukraine this week. Oil prices fell early today, extending losses from the previous day, as Ukraine and Russia sought peace talks and fears of a drop in fuel demand in China after the Shanghai financial centre was closed to stem a rise in COVID -19 cases.

RAUBEX GROUP LIMITED – trading statement

Shareholders are advised that for the fiscal year ending February 28, 2022, Raubex expects earnings per share to be at least 231.0% higher and total earnings per share to be at least 250% higher than earnings per share and total earnings per share in the prior comparable period. This means that earnings per share will be at least 202 cents and total earnings per share will be at least 205 cents higher than the earnings per share and total earnings per share of 87.4 cents and 81.9 cents, respectively, in the previous comparable period.

ADVTECH LIMITED – Results

Revenue increased by 8% to R5 917 million from R5 499 million in the corresponding period last year. Operating profit before interest and non-trading items increased by 22% to R1 108 million from R908 million in the previous year. Normalised earnings increased by 35% to R656 million from R486 million in the corresponding period last year. Normalised earnings per share (“NEPS”) increased by 35% to 121.5 cents per share from 90.2 (restated) cents per share in the corresponding period last year. Adjusted earnings per share (“HEPS”) increased by 33% to 121.6 cents per share from 91.6 (restated) cents per share in the corresponding period last year.

Mandy Nunes

https://gvmarkets.com/

Mandy Nunes is the Chief Marketing Officer for GV Markets. With 15 years of experience in the Financial Services Industry within the South African market, she has held various responsibilities within the business development, marketing, operations and regulatory space – leading to a very fitting position within the Trading and Investment environment. Mandy has notably been the editor of 'The Ordinary Millionaire', along with having written numerous pieces within the industry at large. Holding both legal and wealth management qualifications, her goal is to bring about massive success for, and within, GV Markets. GV Markets is a South African forex and CFD broker that offers comprehensive trading solutions to both retail and professional traders. GV Markets prides itself in being a well-regulated and reputable STP brokerage that works according to a No-Dealing Desk trading model, offering traders access to some of the best liquidity providers in the country.

Related post