Tag: Mustaq Brey
In its interim results, Brimstone Investment reported a loss of R129.6 million. This is with the impact of COVID-19 on the company’s subsidiaries and investee companies.
Investment holding company Brimstone recorded a profit for its year end 2019 results of R75.3 million due to an increase in profitability of Sea Harvest which it has increased its stake in to 54.2 per cent. The company has suffered a headline loss per share of 58.1 cents per share and has issued new shares to raise capital. Brimstone CEO, Mustaq Brey joins CNBC Africa for more.
Investment holding company Brimstone says the acquisition of Obsidian Health is in line with Brimstone’s strategy of having control and increasing the portfolio of unlisted assets. Brimstone CEO, Mustaq Brey joins CNBC Africa for more.
Brimstone cut its losses by more than half for the interim period ended June. The majority owner of fishing enterprise Sea Harvest is on the recovery after a difficult year prior, operating profit came in at R178 million and they reported a headline loss per share of 64.1 cents. Brimstone CEO, Mustaq Brey joins CNBC Africa for more.
Brimstone financial year end results revealed a bitter sweet performance from the company. The company exceeded a R10 billion total asset value for the first time however the company’s equity market conditions led to a decline in it its overall profitability. The board were able to declare a dividend of 45 cents per share. Joining CNBC Africa for more is Mustaq Brey, CEO of Brimstone.