Alphabet Inc recently released its first-quarter results for the period ended 31 March 2020. The first-quarter earnings were mixed due to the COVID-19 pandemic, resulting in the slowing of growth in Google’s digital advertising business. At the same time, the company’s cloud and YouTube segments continued to perform well. Analysts estimate that Alphabet will lose […]
Allianz recently reported its financial results for the first quarter of 2020. The group reported an increase of 5.7% in total revenue to €42.6 billion (1Q2019: €40.3 billion). Operating profit was down by 22.2% to €2.3 billion (1Q2019: €3 billion). The Asset Management segment reported an increase in operating profit of 18.6% to €679 million […]
On the 27th of February 2020, Impala Platinum released its financial results for the six months ended 31 December 2019. Gross revenue for the period was R28 billion, up by 19%, which resulted in a gross profit of R6 billion and a cash flow of R5 billion. Headline earnings per share was R4.36, an increase […]
Caterpillar Inc. recently released its first-quarter 2020 financial earnings. Sales and Revenue decreased by 21% to $10.6 billion (1Q2019: $15.5 billion), and profit per share was down by 39% to $1.98 (1Q2019: $3.25). The company reported a 36% decline in its operating profit to $1.4 billion (1Q2019: $2.2 billion), which resulted in an operating profit […]
During February 2020, Truworths released its interim results for the six months ended 31 December 2019. Revenue increased by 1.2% to R11 billion (1H2019: R10.9 billion). Headline earnings per share (HEPS) was up 0.5% to 365 cents (1H2019: 363 cents). Truworths finance costs declined by 10.95% to R179 million (1H2019: R201 million), and cash generated […]
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: […]
Microsoft Corporation develops, licenses, and supports a range of software products, services and devices. recently released its financial results for the second quarter ended 31 December 2019. Gross margins for the period improved by 22% to $24.5 billion (2Q2019: $20 billion), and net income grew by 38% to $11.6 billion (2Q2019: $8.4 billion). Total revenue […]
MTN recently released their annual financial results for the year ended 31 December 2019. The group reported an increase of 9,7% in revenue to R151 billion. Reported headline earnings per share rose to 468 cents from 337 cents in December 2018, and EBITDA margins increased from 35.9% (FY2018) to 42.3% (FY2019). The board has declared a final […]
AB Inbev released its fourth-quarter results and full-year 2019 results on 27 February 2020. Revenue for the fourth quarter grew organically by 2.5% to $13.3 billion and for the 2019 financial year, increased by 4.3% to $52.4 billion. The group reported total volume growth of 1.6% in the fourth quarter and 1.1% for the fiscal year. […]
AECI released its financial results for the year ended 31 December 2019. Revenue increased by 6.37% from R23.3 billion (FY2018) to R27.8 billion. Of the group’s total revenue, 40% was generated outside of South-Africa. Overall volumes grew by 1% due to successful tenders in the second half-year. Profit from operations increased by 58% to R190 […]
BHP recently released its results for the half-year ended 31 December 2019. Revenue grew by 7.5% to US$22.3bn (1H2020) from the first half of 2019. Headline earnings per share increased by 17% from the first half of 2019 to 97.1 US cents per share (1H2019:83 US cents). Management states that to overcome market uncertainty and […]
Alphabet Inc recently released its fourth-quarter and fiscal year results for the period ending 31 December 2019. The figures, when compared to expectations, were mixed, which lead to Alphabet’s share price decreasing by approximately 4% in the after-hours following the release of these results. Revenue increased by 18% year on year to $162 billion (20% […]
Hudaco released its annual results for the year ended 30 November 2019 on 31 January 2020. Two of the critical drivers of Hudaco’s business are South Africa’s GDP growth rate and the Rand exchange rate, which lead to a challenging business environment. In spite of these challenges, group revenue rose by 5.1% to R6.7 bn (2018:6.3bn). […]
Apple announced its financial results for the first quarter (FY2020), ended 28 December 2019 on Tuesday, 28 January 2020. The group’s quarterly revenue increased by 8.9% from $8.4 billion (2019: Q1) to $9.1 billion (2020: Q1). When considering the different categories in which Apple earns revenue, there was a decline of 3.5% in the revenue from […]
Anheuser released it’s third-quarter results on 25 October 2019 for the period ending 30 September 2019. The company reported total revenue of $13.17bn (3Q12.9bn) for the third quarter, an increase of 1.98% from the previous year and organic growth increase of 2.7%. Total organic volume declined by 0.5%, with a 0.9% decrease in own-beer volume. […]
Nedbank Group Limited is a financial services provider. The company provides wholesale and retail banking services, insurance, asset management and wealth management offerings. Nedbank released its interim results for the six months ended 30 June 2019. The group reported net interest income of R14.81bn (1H19: R14.0bn), an increase of 5.8% compared to the prior period. […]
Coronation Fund Managers Limited is a South African investment-led, owner-managed business. The company is an active investment manager that focuses on fund management for both institutional and retail client markets. Coronation reported its financial results for the period ended 30 September 2019. The company had a tough year with revenue down by 14% to R3.29bn […]
Tencent Holdings Limited recently released its third-quarter results for the period ended 30 September 2019. The group reported revenue of RMB 97.23bn, up by 21% compared to the prior period (3Q18: RMB 80.59bn). The fastest-growing segment was the Fintech & Business segment. Tencent’s online advertising business reflected the slowest growth rate relative to VAS and Fintech […]
The Walt Disney Company released its results for the financial year (FY19) ending 30 September 2019, as well as its fourth-quarter results. The group posted revenue of $69.57bn (FY18: $59.43bn) for the full year, which increased by 17.06% year on year. The company’s diluted earnings from continuing operations per share declined by 25% to $6.27 […]
Anheuser Busch is one of the largest brewing companies in the world, with a portfolio of over 500 beer brands. The company released its third-quarter results on the 25th of October 2019 for the nine months ending 30 September 2019. They reported total revenue of $13.17bn for the third quarter, up by 1.98% (3Q:18 $12.9bn). During […]
