Financial services group FirstRand expected first-half basic and diluted headline earnings per share to increase by as much as 28%, the group said on Wednesday.
Read more at FIN24.co.za
Showing posts with label Headline Earnings. Show all posts
Showing posts with label Headline Earnings. Show all posts
Wednesday, February 21, 2007
Tuesday, February 20, 2007
Mittal FY earnings down 8 pct on costs
South Africa's Mittal Steel, a unit of the world's top steel group, said headline earnings for the year to end December fell 8 percent to 4.646 billion rand, due to higher input costs.
Mittal SA, which is owned by Arcelor Mittal, said the decline in earnings was offset by an increase in domestic sales and a weaker rand/U.S. dollar exchange rate.
Read more at Reuters South Africa
Mittal SA, which is owned by Arcelor Mittal, said the decline in earnings was offset by an increase in domestic sales and a weaker rand/U.S. dollar exchange rate.
Read more at Reuters South Africa
KWV earnings surge 59%
Alcoholic beverages group KWV Investments (KWV) increased headline earnings per share by 59% from 201.9c to 321.7c for the six months ended 31 December 2006.
Headline earnings increased from R84.8 to R135 for the half-year.
The group declared an interim dividend of 120c/share, a 26.3% increase on the 95c dividend per share for the previous comparative half-year.
Read more at FIN24.co.za
Headline earnings increased from R84.8 to R135 for the half-year.
The group declared an interim dividend of 120c/share, a 26.3% increase on the 95c dividend per share for the previous comparative half-year.
Read more at FIN24.co.za
ARM outlook rosy
African Rainbow Minerals Ltd (ARM) said higher metal prices boosted headline earnings per share fourfold to 264c in the first half to end December and forecast strong earnings ahead.
The diversified mining group said on Tuesday higher prices for platinum, nickel, iron ore, manganese and its coal unit had driven headline EPS from 64c a year ago, but exploration and rising corporate costs had watered down the gains.
ARM saw more price gains in the second half of its financial year. "Our operations will continue to be favourably impacted by the current buoyant commodity cycle," it said in a statement.
Read more at FIN24.co.za
The diversified mining group said on Tuesday higher prices for platinum, nickel, iron ore, manganese and its coal unit had driven headline EPS from 64c a year ago, but exploration and rising corporate costs had watered down the gains.
ARM saw more price gains in the second half of its financial year. "Our operations will continue to be favourably impacted by the current buoyant commodity cycle," it said in a statement.
Read more at FIN24.co.za
Sunday, February 18, 2007
Metorex earnings surge 284%
South African-based miner Metorex posted a 284% surge in first-half headline earnings per share on Monday on higher output and strong metals prices, in line with its forecast.
Metorex said headline EPS for the six months to December 31 rose to 51.44 cents from 13.41 cents in the same period the previous year.
The firm said earlier this month in a trading update that headline EPS were expected to rise to 48-52c.
Read more at FIN24.co.za
Metorex said headline EPS for the six months to December 31 rose to 51.44 cents from 13.41 cents in the same period the previous year.
The firm said earlier this month in a trading update that headline EPS were expected to rise to 48-52c.
Read more at FIN24.co.za
Tongaat-Hulett profit up 51%
South African sugar and aluminium producer Tongaat-Hulett Group Ltd posted a 51% rise in headline earnings on Monday, in line with its own forecast, and said it expects profits to increase in the year ahead.
The firm, majority owned by mining group Anglo American plc, said headline earnings rose to R703m during the year to December 31 from R466m the previous year.
Read more at FIN24.co.za
The firm, majority owned by mining group Anglo American plc, said headline earnings rose to R703m during the year to December 31 from R466m the previous year.
Read more at FIN24.co.za
Wednesday, February 7, 2007
Shoprite sees H1 earnings up 25-35 pct
Africa's largest grocery retailer Shoprite said on Wednesday it expected first-half diluted headline earnings per share (EPS) on continued operations to rise between 20-30 percent.
Shoprite said it expected both basic and diluted EPS and headline EPS on all operations for the six months to end-December to be between 25-35 percent higher.
Last month, Shoprite said first-half sales rose 14.7 percent to 19.1 billion rand.
The firm said sales at its non-South African stores jumped 29.8 percent in rand terms, boosted by new stores in Angola and Nigeria.
Read more at Reuters South Africa
Shoprite said it expected both basic and diluted EPS and headline EPS on all operations for the six months to end-December to be between 25-35 percent higher.
Last month, Shoprite said first-half sales rose 14.7 percent to 19.1 billion rand.
The firm said sales at its non-South African stores jumped 29.8 percent in rand terms, boosted by new stores in Angola and Nigeria.
Read more at Reuters South Africa
Tuesday, February 6, 2007
Highveld FY headline EPS down 39 pct
South Africa's Highveld Steel and Vanadium Corp. Ltd. 2006 diluted headline earnings per share fell 39 percent to 10.49 rand, the firm said on Tuesday.
The group, the world's top vanadium producer, said headline earnings were 1.04 billion rand in the year to end-December, down from 1.72 billion rand.
Headline EPS is the key profit measure for South African firms and excludes non-trading, capital and certain extraordinary items.
Highveld said in November it expected headline EPS to fall 34-46 percent to between 933 South African cents and 1,133 cents, due to weaker demand for vanadium -- partly as a result of substitution.
Shares in Highveld rose 2.94 percent to 78.90 rand by 1350 GMT, outperforming the JSE Securities Exchange's mid-cap index which was flat.
Highveld said it expected a similar financial performance in 2007 than in 2006.
In 2005, Highveld's diluted headline EPS of 1,721.90 cents was more than double the figure of 2004 due to strong prices for the steel-hardening element vanadium, which is used in oil pipes.
Read more at Reuters South Africa
The group, the world's top vanadium producer, said headline earnings were 1.04 billion rand in the year to end-December, down from 1.72 billion rand.
Headline EPS is the key profit measure for South African firms and excludes non-trading, capital and certain extraordinary items.
Highveld said in November it expected headline EPS to fall 34-46 percent to between 933 South African cents and 1,133 cents, due to weaker demand for vanadium -- partly as a result of substitution.
Shares in Highveld rose 2.94 percent to 78.90 rand by 1350 GMT, outperforming the JSE Securities Exchange's mid-cap index which was flat.
Highveld said it expected a similar financial performance in 2007 than in 2006.
In 2005, Highveld's diluted headline EPS of 1,721.90 cents was more than double the figure of 2004 due to strong prices for the steel-hardening element vanadium, which is used in oil pipes.
Read more at Reuters South Africa
Thursday, February 1, 2007
Northam Platinum H1 earnings surges, sees slower H2
South Africa's Northam Platinum posted a more than doubling of first-half headline earnings per share on Thursday on buoyant metals prices, in line with its own forecast.
The firm said headline EPS for the six months to end December soared to 279.6 cents, up from 130.1 cents in the same period last year.
The company said on January 15 in a trading update that headline EPS was expected to rise to 265-285 cents.
Read Full Article at Reuters South Africa
The firm said headline EPS for the six months to end December soared to 279.6 cents, up from 130.1 cents in the same period last year.
The company said on January 15 in a trading update that headline EPS was expected to rise to 265-285 cents.
Read Full Article at Reuters South Africa
Monday, January 29, 2007
Palabora turns copper to gold
Copper producer Palabora Mining Company on Monday reported 1 329 cents per share headline earnings for its financial year, compared to a loss of 339 cent loss in 2005, thanks largely to higher prices and increased production.
In its results announcement released Monday, the company said that sales increased by 108 percent to R5,04 billion, as a result of higher copper and by-product prices and increased copper sales volumes to 97 thousand tonnes compared to 17 000 tons previously.
Read Full Article at Business Report
In its results announcement released Monday, the company said that sales increased by 108 percent to R5,04 billion, as a result of higher copper and by-product prices and increased copper sales volumes to 97 thousand tonnes compared to 17 000 tons previously.
Read Full Article at Business Report
Friday, January 26, 2007
Kumba 2-month headline profit seen at R250-R275 mln
Africa's biggest iron ore producer, Kumba Iron Ore, said on Friday it expects headline earnings for the two months to the end of December 2006 to be between 250 million rand and 275 million rand.
Basic earnings for the two months are expected to be between 350 million and 400 million rand, Kumba said in a statement.
Kumba said headline and basic earnings have been hit by about 150 million rand in once-off costs due to an empowerment transaction that saw Kumba Resources Ltd split into Kumba Iron Ore and Exxaro Resources Ltd.
Headline earnings, the main profit measure in South Africa, strip out non-trading, capital and certain extraordinary items.
Read Full Article at Reuters South Africa
Basic earnings for the two months are expected to be between 350 million and 400 million rand, Kumba said in a statement.
Kumba said headline and basic earnings have been hit by about 150 million rand in once-off costs due to an empowerment transaction that saw Kumba Resources Ltd split into Kumba Iron Ore and Exxaro Resources Ltd.
Headline earnings, the main profit measure in South Africa, strip out non-trading, capital and certain extraordinary items.
Read Full Article at Reuters South Africa
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