Bidvest beats expectations and declares interim dividend
South African conglomerate Bidvest announced a solid set of numbers for its half-year results, declaring an interim dividend of 290 cps.
South African conglomerate Bidvest announced a solid set of numbers for its half-year results, declaring an interim dividend of 290 cps.
Distell announced its half-year results, with revenues increasing just shy of 4% despite a 22% reduction in trading days for the group.
Despite depressed macroeconomic environment in South Africa and the consumer being under pressure, Truworths declared an interim dividend.
Glencore reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its results.
Sibanye-owned DRDGOLD produced a stellar half year performance with earnings up over 100% and delcared an interim dividend for shareholders.
Hyprop posts new distribution circular after the JSE declines circular which would have resulted in the property group settling distributions on credit.
Absa said it’s unlikely to pay dividends this year. It says earnings will probably decline more than 40% from a year earlier.
More significant on Famous Brands is the adverse impact the pandemic has had on new store openings, which is a key driver of brand momentum.
Strong online sales and the Clicks ClubCard which grew membership to 8.6 million were contributors of growth.
Old Mutual has suspended its dividend after its challenging position in Zimbabwe and the coronavirus pandemic hammered its earnings.