Remgro maintains dividend, despite sharp earnings decline

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Global and local headwinds batter interim results, but the group believes 'the operating environment is showing signs of moderation'.

Remgro reported a 39.1% slide in headline earnings per share on Tuesday for the six months ended 31 December 2023, due to corporate action in the recent past as well as global pressures, exacerbated by South Africa’s structural challenges.

Remgro attributed the decline in headline earnings to among other things a difficult operating environment. The trading results of Heineken Beverages also contributed to the material decline in headline earnings. If these corporate actions are excluded, the headline earnings dropped by 13.1%. It added that there would be a strong focus on driving turnaround and momentum in core and growth assets, such as Mediclinic, Heineken Beverages, Community Investment Ventures Holdings Proprietary Limited , RCL Foods and Siqalo Foods Proprietary Limited.

Although the deal was approved the Independent Communications Authority of South Africa , it was blocked by the Competition Commission. The deal is now before the Competitions Tribunal.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Johann Rupert's Remgro reports earnings slump amid corporate action, falling beer salesJohann Rupert's Remgro reports earnings slump amid corporate action, falling beer sales
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »

Samsung continues its reign as global TV market leaderBreaking local news in Boksburg
Fonte: BoksburgNews - 🏆 40. / 51 Consulte Mais informação »