Tag: Werner de Jager
Cashbuild has declared a reduced annual dividend of 272 cents per share which is a decrease of 35.2 per cent from the prior year. The group reported a headline earnings decline of 7 per cent and lost an estimated R600 million in revenue due to its stores being closed down in level 5 lock-down. Cashbuild CEO, Werner de Jager joins CNBC Africa for more.
CNBC Africa spoke with Werner de Jager, the CEO of Cashbuild as he cited a decline in profits due to accounting changes and a difficult trading period in December.
Mining and Construction Company Aveng has delivered another set of poor results .The group reported a headline loss per share of 6 cents and operating loss grew to R484 million from R94 million in the previous year. CNBC Africa reporter Kopano Gumbi spoke with the Aveng CEO and Chairman Erik Diack.
South Africa's largest materials retail company, Cashbuild reported a nine percent drop in headline earnings as costs rose amid subdued consumer spending. The group faced difficult trading conditions in this period. Joining CNBC Africa for more is Werner de Jager, CEO, of Cashbuild.