Remgro recently released its interim financial statements for the period ended 31 December 2019. Revenue generated from continuing operations increased by 4.2% to R31.6 billion (1H2019: R30.3 billion). Cash generated from operating activities was down by 17.6% to R3 billion (1H2019: R3.7 billion) and headline earnings per share declined by 0.2% to 750.9 cents (1H2019: 752.1). The EBITDA margin for the period was 10.9% (1H2019: 10.6%).
Remgro has a subdued growth outlook as a result of the deteriorating South African GDP growth environment and strained 2020 outlook.
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