Remgro released its interim financial statements for the period ended 31 December 2019 on 17 March 2020. 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).
During the half-year ended 31 December 2019, Remgro made additional investments. The company invested a further US$1 million in Milestone III China Fund and received distributions of US$40 million, thereby increasing its cumulative investment to US$98 million.
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