Highlights of the day: 2 August

FinMeUp highlights of the day

South Africa

Royal Bafokeng Limited- Interim results for the six months ended 30 June 2022

• Revenue decreased 14.7% to R8 173.4 million.
• EPS decreased 58.4% to 765.4 cents per share.
• HEPS decreased 58.1% to 767.3 cents per share.
• 4.5% increase in 4E ounces to 225.5koz.
• 15.2% increase in cash cost per 4E ounce to R19 183.
• The board declared an interim dividend of 245 cents per share, down 54.2%.
• The dividend will be paid on Monday, 29 August 2022.

Telkom SA SOC Limited- Trading update for the quarter ended 30 June 2022

• Active mobile subscribers grew 7.8% year on year to 17.3 million.
• Mobile data traffic grew 12.4% to 263 petabytes.
• Broadband subscribers grew 2% to 10.7 million.
• Number of homes passed with fibre grew 45.3% to more than 890 000.
• Number of homes connected with fibre grew by 35.2% to 414 847.
• Group revenue down 3.2% to R10 281 million.
• Group EBITDA down 15.2% to R2 334 million.

JSE Limited- Unreviewed interim results for the six months ended 30 June 2022

• Total revenue grew 11% to R1 382 million.
• Total expenditure grew 3% to R880 million.
• EBIT grew 29% to R502 million.
• EBITDA grew 20% to R627 million.
• EPS grew 29% to 542.7 cents per share.
• HEPS grew 29% to 542.7 cents per share.
• Net cash generated from operations grew 13% to R534 million.

The U.S.

Pinterest earnings

• EPS of $0.11 missing expectations of $0.17.
• Revenue of $666M beating expectations of $663.19M.

Twitter

• Twitter has sent out a letter to their shareholders asking them to approve the merger agreement with Elon Musk.

Nio

• Nio is reportedly planning to launch its third car brand and may launch an entry-level EV model priced at about 100,000 yuan (~$14.8k) under the new brand.

Electronic Arts

• Electronic Arts will become the official sponsor of Spains Laliga, replacing Blanco Santander.

Uber earnings

• GAAP EPS of -$1.33.
• Revenue of $8.07B beating expectations of $7.37B.

Biggest winners and losers

JSE

• Harmony +4.64%
• Telkom -5.57%

U.S

• Tesla +2.53%
• Intel -2.03%

Crypto

• Bitcoin -1.8%
• Ethereum -3.5%
• BNB -1.5%