News

Kumba Iron Ore Posts R35.8B Revenue, R9.1B Free Cash Flow; Declares R18.77 Dividend

  • Revenue and Earnings: Kumba reported R35.8 billion in revenue and a 26% drop in earnings per share.
  • Financial Metrics: The company achieved R9.1 billion in free cash flow and maintained a 44% EBITDA margin.
  • Dividend Declaration: An interim dividend of R18.77 per share was declared, with a gross dividend of 1,877.00 cents.

Kumba Iron Ore Posts R35.8B Revenue, R9.1B Free Cash Flow; Declares R18.77 Dividend Read More »

Cashbuild Q4 FY 2024: 4% Revenue Growth, 13% Increase in Quarterly Sales

  • Revenue Growth: Cashbuild reported a 4% revenue increase in Q4 FY 2024 compared to the previous year.
  • Quarterly Sales Surge: The group saw a 13% increase in revenue during the 14-week fourth quarter.
  • Store Expansion: Cashbuild opened 3 new stores and refurbished 16 locations in the fourth quarter.

Cashbuild Q4 FY 2024: 4% Revenue Growth, 13% Increase in Quarterly Sales Read More »

Vukile Reviews €8.10 Per Share Lar España Offer Amid 28.7% Stake

  • Vukile Property Fund holds a 28.7% stake in Lar España and is reviewing a €8.10 per share offer.
  • The Consortium’s offer is subject to reductions for any distributions declared during the offer period.
  • Vukile and Castellana have engaged BofA Securities and Linklaters for financial and legal advice on the offer.

Vukile Reviews €8.10 Per Share Lar España Offer Amid 28.7% Stake Read More »

Richemont Q1 Sales Up 1% Despite 19% Asia Decline

  • Sales Performance: Richemont’s sales grew 1% at constant exchange rates but fell 1% at actual exchange rates.
  • Regional Sales: Europe, the Americas, and Japan showed growth, while Asia Pacific experienced a significant decline.
  • Channel Performance: Retail and online sales increased slightly, but wholesale and royalty income dropped by 6%.

Richemont Q1 Sales Up 1% Despite 19% Asia Decline Read More »


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