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Highlights of the day: 11 November

July 17, 2023
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

MultiChoice Group Limited- Results for the period ended 30 September 2022

  • Revenue increased 7% to ZAR28.6bn.
  • Subscription revenues grew 8% to ZAR23.8bn.
  • User base grew by 5%.
  • Multichoice now has 22.1m 90-day active subscribers.
  • Operating profit grew 6% to R6 218 million.
  • Trading profit grew 2% to R6 130 million.
  • Free Cash Flow down 44% to R1.7B.

Sappi Limited- Results for the period ended September 2022

  • Sales grew 35% to $1 923 million.
  • Profit for the period is down 26% to $26 million.
  • Net debt improved by 40% to $1 163 million, which is the lowest in 20 years.
  • Basic EPS decreased 17% to 5 U.S. cents.

Libstar 

  • Libstar is pleased to announce that all the conditions for their acquisition of Cape Foods Proprietary Limited have been fulfilled.

 

The U.S.

Coinbase

  • Coinbase has formed a strategic web3 partnership with Google Cloud.

Cathie Wood

  • Cathie Wood and Ark invest sold 323,457 shares of Nvidia today.

Rivian Earnings

  • EPS of -$1.57 beating expectations of -$1.86.
  • Revenue of $536M missing expectations of $561.1M.
  • Rivian still sees financial year production of 25 000 vehicles.

American October CPI

  • CPI for October came in at 7.7% YoY, below expectations of 7.9%.

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