earnings

AlexForbes has reported a strong financial performance for the six months ending September 2024, with a 12 per cent increase in operating income. 

AlexForbes interim profit from operations up 13%

Quantum Foods reported that revenue decreased by 8.9 per cent. Headline earnings increased to 80.4 cents from a headline loss per share of 17.4 cents in the prior period. 

Quantum Foods full-year revenue down 8.9%

Retail group Spar reported a 4 per cent increase in full year turnover. 

Spar reports 11% increase in FY HEPS 

Vukile Property Fund reported a strong first half posting a 6 per cent increase in dividends per share. 

Vukile H1 HEPS up 5.3%

African Bank’s full year profit stayed almost flat as it faced a difficult operating environment that has rendered almost a third of its personal banking loan book likely to result in credit losses. 

African Bank reports 36% jump in customers

Car rental, leasing and sales group Zeda reported lower annual earnings, despite achieving record revenue, as the “challenging” used car market continued to put pressure on used vehicle sales. 

Zeda FY24 HEPS declined 18.1%

The agriculture and trading focused Kal Group has reported lower annual earnings with its headline earnings per share being down 9.2 per cent. The group which is also South Africa’s biggest independent retail fuel and convenience operator has, despit

Kal Group eyes accelerated FY25 growth 

CNBC Africa is joined by Peter Wharton, CEO of Life Healthcare Group for more. 

Life Healthcare revenue up 12.7% on robust growth

Industrial Group Barloworld reported a mixed performance across its business units, with a decline in Equipment Southern Africa and strong growth in Mongolia.

Barloworld FY revenue declined by 7% to R41.9bn

Oceana reported a 13.5 per cent jump in headline earnings per share with growth driven by record earnings from its US Daybrook operations, margin expansion at Lucky Star foods and a strong turnaround in the Hake operations. 

Oceana full-year HEPS up 13.5%

For more insights on these results, CNBC Africa is joined by Jeffrey Wapnick, Managing Director of Octodec Investments.

Octodec FY HEPS down 12.9% on rental concessions

South African private healthcare provider Netcare, has reported an increase in profits for the 2024 financial year. Net profit grew by 15.8 per cent whilst the adjusted headline earnings per share increased by 7.6 per cent to 113.7 cents. 

EARNINGS