Highlights of the day: 19 August

July 17, 2023

FinMeUp

South Africa

Purple Group

Purple Group have announced that EasyEquities have partnered with an E-wallet provider in the Asia Pacific region.
EasyEquities will reportedly launch investing services within the E-wallet application.
The E-wallet provider consists of tens of millions of users.

Standard Bank Group - Results announcement for the six months ended 30 June 2022

Total income grew 11% to R71 909 million.
Headline earnings grew 33% to R15 263 million.
EPS grew 34% to 961.4 cents per share.
ROE grew from 12.9% to 15.3%.
The board have declared an interim gross dividend of 515 cents per share payable by Monday, 12 September 2022.

Prosus N.V. & Naspers Limited

Prosus (Majority owned by Naspers) have entered into an agreement to acquire the remaining 33% stake in iFood Holdings B.V. for 1.5bn in cash.

Spur Corporation Limited- Audited Financial Statements for the year ended 30 June

Group revenue grew 32.5% to R2.4 billion.
Profit before income tax grew by 41.9% to R209.7 million.
HEPS grew by 31.0% to 144.22 cents.
The board declared a final gross dividend of 78 cents per share payable by Monday, 19 September 2022.

Paramount

Paramount has agreed to pay $1.5 Billion to keep the rights to the Champions League in the US beating out companies like Amazon.

Google

Google-owned YouTube Shorts will now have a watermark on the videos so if its shared elsewhere users will know the platform where it came.

General Motors

General Motors reinstated its quarterly dividend for the first time since April 2020.
General Motors declared a quarterly dividend of $0.09 per share.
They also announced it will resume its share buyback program increasing the size of the program to $5B up from $3.3B.

Deere earnings