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Highlights of the day: 25 August

Feb. 29, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

Sibanye Stillwater- Results for the six months ended 30 June 2022

  • Basic Earnings fell 106.7% to R12 016 million.
  • Adjusted EBITDA fell 44.36% to R22 561 million.
  • The acquisition of a majority stake in the Keliber Project is progressing well and the company expects ownership of more than 80%.
  • The integration of the Sandouville nickel refinery is well advanced.
  • Wage settlement at SA gold operations has been reached.
  • The board has declared an interim dividend of 138 cents per share, to be paid on Monday, 19 September 2022.

Gold Fields Limited

  • Profit attributable to owners of the parent of $510 million compared to $387 million reported in the prior comparable period.
  • Gold production increased 8.8% to 1 201 000 oz.
  • Revenue grew 2.9% to $1 851 million.
  • Net debt improved from $1 097 million to $851 million.
  • HEPS grew 28.9% to 58 U.S cents per share.
  • The board declared an interim dividend of 300 SA cents per share to be paid on 19 September 2022.

Distell Group Holdings Limited- Reviewed Group results for the year ended 30 June 2022

  • Revenue grew 20.8% to R34 133 552 000.
  • Excise duty up by 26.9% to R10 500 000 000.
  • Headline earnings grew 36.8% to R2 314 948 000.

Adcock Ingram Holdings Limited- Audited Group financial results and cash dividend declaration for the year ended 30 June 2022

  • Revenue grew 12% to R8 705 817 000.
  • Gross profit grew 14% to R3 057 755 000.
  • HEPS grew 24% to 502.0 cents per share.
  • The Board has declared a final dividend of 109 cents per share, to be paid on Monday, 19 September 2022.

Impala Platinum Limited

  • Impala has acquired a further 475 000 Royal Bafokeng shares and now holds approximately 38.10% of the Royal Bafokeng Shares in issue.

 

The U.S.

Nvidia Earnings

  • EPS of $0.51 beating expectations of $0.50.
  • Revenue of $6.70B in line with expectations.
  • CEO Jensen Huang said he expects the auto industry will be Nvidia's next Billion dollar business.

Snowflake earnings

  • EPS of -$0.70.
  • Revenue of $497.20M beating expectations of $467.15M.

Salesforce earnings

  • EPS of $1.19 beating expectations of $1.02.
  • Revenue of $7.72B beating expectations of $7.7B.

Amazon

  • Amazon and Plug Power have announced they have signed a hydrogen supply deal.
  • Plug Power granted Amazon warrants to buy up to 16M shares of Plug Power as a part of this deal.

 

Biggest winners and losers

JSE

  • Prosus +6.08%
  • AB InBev -2.31%

U.S

  • AMD +2.49%
  • Adobe -1.98%

Crypto

  • Bitcoin +1.0%
  • Ethereum +3.9%
  • BNB +2.8%

 


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