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%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: TechCentral - 🏆 8. / 71 Read more »