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. Read more.
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Shareholders are advised that Old Mutual has received formal notification that BlackRock Inc. has acquired an aggregate interest in the Company's common stock. Read more.
Remgro's results for the six months ended 31 December 2021 ("Current Period") are expected to be released on or about 24 March 2022 via the Stock Exchange News Service ("SENS"). Read more.
Nedbank Group's financial results for 2021 reflect a strong recovery from a low base in 2020. Total income (HE) increased 115% to R11.7 billion in 2021, but is still 7% below 2019 levels. HE Growth was driven by significantly lower impairments, a higher net interest margin, a recovery in NIR growth, disciplined cost management and stronger financial performance from our investment in ETI. Key drivers of shareholder value creation were also positive, with net asset value per share up 11%, ROE improving to 12.5% (2020: 6.2%) and full year dividends of 1,191 cents per share at 2.02 times cover. Read more.
Daily Market 360JSE-listed multinational engineering and construction company Murray & Roberts (M&R) expects its already substantial R61.1 billion order book to continue to grow, boosting both revenue and profit over the next three years. Group CEO Henry Laas said Thursday that it is a "phenomenal order backlog" and stressed the critical importance of an order backlog for an engineering and construction company. "Without an order backlog, there is no business, so we place great emphasis on our order backlog and pipeline. "We expect revenue and profit to grow over the next three years, and
Group earnings per share (HEPS) are expected to be between 35% and 40% higher than the previous year (1HFY2021: 594.2 cents), representing a range between 802 cents and 832 cents. Read more.
It has been a slightly more eventful week this week with the precious metal. There were a couple of fundamental/economic releases that influenced Gold’s movements this week - which has provided some enticing opportunities for investors. Read more.
A slight decline in the dollar was reported, but it was headed toward its best week in seven months. Investors increased their bets on multiple U.S. interest rate hikes in 2022, which pushed the U.S. currency against the euro past key levels. Read more.