News Formal

Denny mushrooms owner Libstar holds on to cash as earnings drop

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Italia Notizia Notizia

Company is unsure if high spending by consumers in the six months to end-June will continue

Libstar CEO Andries van Rensburg. Picture: SUPPLIED

But the top-line was eaten up by R44m in Covid-19 related costs such as transport and protective equipment, pushing its headline earnings — the primary measure of profit that strips out certain one-off items — 9.1% lower to R101.3m At end-June it had R956.7m in cash, up from R610.3m the same time a year ago. It is also cutting back slightly on capital expenditure.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

MARKET WRAP: Rand weakens as ECB comments halt recent euro rallyThe JSE closed slightly weaker on the day, with banks faring worst, while food producer Libstar lost ground on disappointing interim results
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »