Airtel Africa has come out with strong results, reporting a 12.8 per cent increase in underlying EBITDA, for the six months ended September. Reporting 12 per cent growth in its customer base, the telecommunications company has declared an interim dividend of $1.5c per share. Airtel Africa CEO, Raghu Mandava joins CNBC Africa for more.
Clicks reported a jump in full year earnings, declaring a final dividend of 450 cents per share. The company was deemed an essential service during lockdown, with its stores stayed open. With the intention to use its reach and distribution network, Clicks announced that it wants to sell a Covid-19 vaccine once it becomes available. Clicks CEO, Vikesh Ramsunder joins CNBC Africa for more.
Altron has reported a 28 per cent increase in headline earnings per share, from the previous comparable period. This is from continuing operations. Despite the impact of COVID-19, the company has declared an interim dividend of 33 cents per share, up 14 per cent from August last year. Altron CEO, Mteto Nyati joins CNBC Africa for more.
Investment firm Long4Life has reported a 75.5 per cent drop in interim profit, following a significant disruption on all group businesses, due to COVID-19. Long4Life - which owns Sportsmans Warehouse and Sorbet - has reported that trading profit for the six-months ended August declined to R49.1 million. Group revenue fell by 22.6 per cent to R1.4 billion. Long4Life CEO, Brian Joffe joins CNBC Africa for more.
Standard Chartered Kenya has reported a decline in the bank’s half year earnings while at the same time taking an interesting route of increasing its loan provisions. CNBC Africa’s Arnold Kwizera caught up with the bank’s CEO Kariuki Ngari for more.
Releasing its interim results today, Pick n Pay reported a 56.3 per cent drop in its comparable headline earnings. The retailer is preparing to open its first store in Nigeria. This is during a time when a number of South African retailers are withdrawing from the West African nation. Continuing its expansion drive, the supermarket chain also announced its purchase of the Bottles app. Pick n Pay CFO, Lerena Olivier joins CNBC Africa for more.
Calgro M3’s headline loss per share widened to 26.29 cents in August, against a 3.24 cents per share loss in the previous comparable period. The company incurred significant costs, as construction activity was halted for two months, due to the COVID-19 lock-down. No interim dividend has been declared. Calgro M3 CEO, Wikus Lategan joins CNBC Africa for more.
The PSG Group has reported a headline loss per share of R14.14 against earnings of R5.68 in the previous comparable period. This is due to challenging trading conditions, brought on by COVID-19. The investment holding company has declared an ad hoc interim gross dividend of R1.64 per share. The group was reporting for the first time, after significant corporate action was undertaken with Capitec Bank. PSG Group CEO, Piet Mouton joins CNBC Africa for more.