Highlights of the day: 27 October

FinMeUp highlights of the day

South Africa

Afrimat Limited- Interim Financial Results For The Period Ended 31 August 2022

• Revenue grew 7.2% to R2 595 258 000.
• Operating profit fell 12.1% to R512 204 000.
• EPS fell 13.6% to 252.4 cents per share.
• Net asset value per share grew 27% to 2 481 cents.
• Interim dividend unchanged at 40 cents per share and will be paid on Monday, 28 November 2022.

Anglo American plc- Production report for Q3

• Rough diamond production increased by 4%.
• Steelmaking coal production increased by 28%.
• Copper production decreased by 6%.
• Metal in concentrate production from our Platinum Group Metals operations decreased by 6%.
• Iron ore production decreased by 5%.
• Nickel production decreased by 4%.

Kumba Iron Ore- Production report for Q3

• Total production decreased by 8%.
• Export sales of 10 Mt were flat year-on-year.
• Average YTD realized FOB export iron ore price of US$115 per wmt.

Tongaat Hulett Limited

• Tongaat has been forced to enter business rescue after debt became out of control.

Astral Foods Limited- Trading statement

• EPS is expected to increase by between 118% and 128% to be between 2 670 and 2 793 cents per share.

The U.S.

Twitter

• Twitter is set to be delisted from the NYSE effective on Friday.
• This is happening due to Elon Musk buying Twitter and taking it private.
• Anyone that owns Twitter shares will receive $54.20 per share.

McDonald's earnings

• EPS of $2.61 beating expectations of $2.60.
• Revenue of $5.87B beating expectations of $5.72B.

Facebook earnings

• EPS of $1.64 missing expectations of $1.89.
• Revenue of $27.71B beating expectations of $27.41B.

Ford earnings

• EPS of $0.30 missing expectations of $0.32.
• Revenue of $39.40B beating expectations of $36B.