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 […]
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). […]
I have made reference to the phrase, “swimming upstream” before, and mentioned how it always reminds me of the joke about the man who was travelling on the N1-highway when he got a phone call from his panicked wife. She had heard on the radio that on the same highway, a vehicle was travelling in […]
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. […]
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 […]
Alphabet Inc recently released its third-quarter results for the period ending 30 September 2019. The company beat expectations on revenue, delivering top-line growth of 20% to $4.5bn, driven by mobile search, YouTube and cloud. The group’s net income decreased to $7.08bn (3Q18: $9.1bn) which translated into diluted earnings per share of $10.12, a decline of […]
Remgro released its full-year results for the period ending 30 June 2019. The company’s headline earnings per share (HEPS) for the full year declined by 4.2% to R14.49 per share compared to the prior period (FY18: R15.13 per share). Excluding the option remeasurement, HEPS was down only 2.6% for the period. On 2 July 2018, […]
Growthpoint Properties Limited is a real estate investment trust. The primary business of the company is investment in rental-generating properties, which are maintained and upgraded or refurbished as necessary. The company reported its full-year results for the year ended 30 June 2019. The group reported total revenue of R11.5bn (FY18: R10.92bn), up by 5.75% compared to […]
Wilson Bayly Holmes-Ovcon Limited is engaged in civil engineering and building contracting activities in the Republic of South Africa and internationally. On the 3rd of September 2019, WBO released its audited consolidated financial statements for the year ended 30 June 2019. The group’s total revenue grew by 16%, operating margin contracted slightly to 1.4%, diluted […]
Woolworths Holdings is a South African-based retail group. Last week Woolworths reported its annual results for the year ended 30 June 2019.Total revenue increased by 6.6%, headline earnings per share declined by 1% to 342.9 cents per share and the board declared a final gross dividend of 98.5 cents per share, a decrease of 24.5% […]
BHP is a world-leading resources company. It extracts and processes minerals, oil, and gas from its production operations located primarily in Australia and the Americas. The group recently released its annual results for the year ended 30 June 2019. Revenue for the period grew by 3% to US$44.28bn, headline earnings per share increased by 31% to […]
The Shoprite Group of Companies is Africa’s largest food retailer. The group operates a total of 2 934 outlets in 15 countries across the continent, as well as on the Indian Ocean islands, and employs more than 147 000 people. Shoprite released its full-year results on 20 August, for the period ended 30 June 2019. […]
Standard Bank Group Limited offers transactional banking, saving, borrowing, lending, investment, insurance, risk management, wealth management, and advisory services. The company released its interim results for the period ending 30 June 2019. They reported diluted headline earnings per share of 828.8 cents (1H 2018: 794 cents) for the first six months, up by 4.4%, and slightly […]
