Highlights of the day: 2 June

FinMeUp highlights of the day

South Africa

Capital Appreciation Limited- Consolidated financial results for the year ended 31 March 2022

• Revenue grew 34.1% to R831.0 million.
• Trading profit grew 46.2% to R273.2 million.
• EBITDA grew 45.5% to R251.6 million.
• EBITDA margin improved to 30.3% from 27.9% reported in the previous corresponding period.
• Operating profit grew 53.7% to R211.8 million.
• EPS grew 30.1% to 13.37 cents compared to 10.28 cents reported in the prior corresponding period.
• HEPS grew 29.6% to 13.40 cents compared to 10.34 cents reported in the prior corresponding period.
• The board declared an annual dividend of 7.50 cents a share to be paid on Monday, 27 June.
• The company achieved strong demand for products and services as corporate investment in digitalisation accelerates.
• The software division achieved revenue growth of 34%.
• The group established the international division in June 2021.
• International income grew by 33%.
• The group acquired Responsive Group which has added value to customers and opened the door to new capabilities.

U.S.

Amazon

• Amazon plans to shut down its Kindle business in China next year.

General Motors

• General Motors owned Cruise could become the first company to secure a permit to charge for self-driving car rides in San Francisco if it can overcome objections by city officials.

GameStop earnings

• EPS of -$2.08 missing expectations of -$1.45.
• Rev of $1.38B beating expectations of $1.33B.

Sofi

• SoFi CEO Anthony Noto bought 21.2K shares of the stock at an average price of $7.07 per share.
• Since March 4th, he has purchased $1,251,913.44 worth of SoFi stock.

Meta

• Sheryl Sandberg is stepping down as Meta's COO according to Bloomberg.
• Meta's stock price is down 2% since the news.

Google

• YouTube and Google announced today a new feature that lets you connect your TV to your iOS or Android phone.

Biggest winners and losers: 

JSE

• Harmony Gold +7.33%
• Transaction Capital -3.64%

US

• Pinduoduo +1.72%
• Ansys -2.09% 

Crypto

• Bitcoin -4.1%
• Ethereum -6.0%
• Solana -8.3%

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