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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: BDliveSA - 🏆 12. / 63 Läs mer »