Highlights of the day: 31 October

FinMeUp highlights of the day

South Africa

Balwin Properties Limited- Results for the six months ended 31 August 2022

• Revenue grew 20% to R1.6 billion.
• Profit for the period grew 48% to R173.0 million.
• EPS grew 48% to 36.88 cents per share.

Adcorp Holdings Limited- Results for the six months ended 31 August 2022

• Revenue from continuing operations increased by 3.2% to R5.9 billion.
• Gross profit from continuing operations increased by 6.3% to R626.8 million.
• Profit after tax from continuing operations increased by 4.0% to R26.9 million.

The U.S.

EBay

• EBay has announced that it has completed its $295 Million acquisition of TCGplayer.

Shopify

• Shopify has announced it has agreed to acquire "Remix".

Twitter

• Twitter is planning to start charging $20 per month for verification.
• Employees working on the project were reportedly told they need to meet a deadline of November 7th to launch the feature or they will be fired.