Highlights of the day: 25 May

June 16, 2024

FinMeUp highlights of the day

South Africa

Tiger Brands Limited- results for the six months ended 31 March 2022

  • Revenue increased by 2% to R16.8 billion.
  • Group operating income decreased by 5% to R1.5 billion.
  • Group operating margin declined from 9.6% to 8.9%
  • EPS declined 3% to 733 cents per share.
  • HEPS declined 2% to 729 cents per share.
  • Interim dividend of 320 cents per share was declared. 
  • The share buy-back programme has officially commenced.
  • Sales volumes declined 1%.
  • The company is trying to cut costs, but says prices are likely to increase more than 10% in the months ahead.

Mediclinic International PLC- Full-year results for the year ended 31 March 2022 & dividend declaration

  • Group revenue increased by 8% thanks to growth in client activity.
  • Group adjusted EBITDA increased by 22% largely due to revenue growth
  • EBITDA margin improved to 16.1%.
  • Operating profit up 34% to 280m.
  • EPS increased by 65%.
  • Cash and cash equivalents improved to 534m.
  • Proposed final dividend of 3.00 pence per share

Grindrod Shipping Holdings Limited- Unaudited financial results for the three months ended March 31, 2022

  • Revenues of $110.3 million compared to $68.4 million in 2021
  • Gross profit of $40.7 million compared to $12.6 million in 2021
  • Profit for the period of $29.0 million compared to $3.1 million in 2021
  • Compared to a year ago, Grindrod Shipping's earnings were up 13-fold in the first quarter.



  • CoinBase has become the first crypto company to make the fortune 500.
  • The fortune 500 is an annual list published by Fortune Magazine that ranks 500 of largest United States corporations by total revenue for their fiscal year.

ARKK Innovation ETF

  • Cathie Wood has been busy today.
  • The fund purchased 190.8k shares of Square Inc today,
  • 231.9k shares in Roku and 26.1k shares of Tesla.
  • Tesla is close to reclaiming its place as the largest holding for ARKK

Biggest winners and losers: 


  • Tiger Brands +5.93%
  • Mediclinic +4.53%
  • Exxaro -3.92% 


  • Zoom +3.82%
  • Alphabet -0.72% 


  • Bitcoin +3.6%
  • Ethereum +3.0%
  • BNB +5.0%

Our weekly newsletter discusses the highlights of the week, as well as a brief overview of the best content posted on the app for the week. To sign up, feel free to visit our website: https://www.finmeup.co.za/, or click directly on the following link: https://bit.ly/FinMeUp_Newsletter 

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