COMPANIES: Brimstone and Sea Harvest’s interim results reflect ‘impact of global macroeconomic environment’

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 84%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Brimstone’s six-month results to the end of June reveal 24% revenue growth to R2.86-billion, with a marginal 4% drop in operating profit to R279.3-million.

Brimstone’s management largely attributed the decrease in reported profit to a drop of R167.9-million in fair value gains on listed investments, and a decrease of R47.6-million in profits of associates and joint ventures.

The group completed a hugely transformative transaction with the R765-million acquisition of MG Kailis in Australia in May. The purchase includes vessels, licences and fishing rights for prawns in the Exmouth region, and trawled fish in the Pilbara region in Western Australia. Although elective surgery caseloads increased in the period, the contribution to revenue underperformed its budget, given the negative impact on inventory due to global supply chain disruptions.

 

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

 /  🏆 3. in İE

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.

NEWS ANALYSIS: MTN has Vodacom in its sights in battle for Africa’s mobile money marketThe challenger reported this month that robust demand for its data and fintech services helped core profit rise by double digits to end-June Honest and trustworthy expert trader that made me smile for the very first time in my life, after encountering lot of scams online, I thought it was fake but when I gave it a try I then realise that is real so I won’t keep silent I need everyone to see the joy in me Lisa_Mia_T0.
Source: BDliveSA - 🏆 12. / 63 Read more »