News Formal

Remgro’s CIVH narrows losses as group doubles earnings

  • 📰 ITWeb
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Indonesia Berita Berita

Investment group Remgro doubled headline earnings to R3.3 billion in the six months to end-December. Vumatel DFA fibre vumatel

Remgro’s earnings are back above pre-COVID-19 levels, due to improved performance by its investee companies, including its fibre entity Community Investment Ventures Holdings .

The increase in headline earnings, Remgro says, is mainly due to higher contributions from Mediclinic, Grindrod Shipping, TotalEnergies, FirstRand, CIVH , Grindrod and RCL Foods, as well as lower finance costs. DFA has deployed over 16 000km of ducting infrastructure in major South African metros, secondary cities and smaller towns.

Remgro says the decrease in losses is mainly due to the settlement of head office debt, resulting from two rights issues, and improved performances by the underlying businesses.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 45. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Operating costs, forex losses knock Seacom earningsSeacom’s contribution to Remgro’s headline earnings fell by 77% in the year ended December 2021, driven lower by increased operational costs and forex losses.
Sumber: TechCentral - 🏆 8. / 71 Baca lebih lajut »