Northam withholds dividend despite 67% profit growth | Business

Despite a surge in interim earnings, Northam Platinum Holdings has opted not to declare a dividend as it builds its arsenal for growth aspirations.

Northam's results were buoyed by a strong operational performance and increased production. Operating costs were however 27% higher for the period under review. The competition between Northam and Implats for a controlling share in RBPlat has proved intense and protracted. Implats - which first moved to acquire a controlling share in late 2021 - has indicated that continued delays in closing its competing offer to RBPlat shareholders may force it to walk away from the deal.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

OUTsurance's Australian business streaks ahead, with international operations set to overtake SA | BusinessOUTsurance's Australian business now writes more premiums than its short-term insurance business in SA, despite being ten years younger. | News24_Business _Business It’s easy to understand why. In Australia it is mandatory to have car insurance while in South Africa it’s not. That’s why only 30% of cars on the road are insured. _Business SA economy is in the tanker. go elsewhere is the message.
La source: News24 - 🏆 4. / 80 Lire la suite »

WATCH: What is driving SA’s labour market dynamics?Business Day TV speaks to Business Day companies editor Kabelo Khumalo
La source: BDliveSA - 🏆 12. / 63 Lire la suite »