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Highlights of the day: 7 September

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

Discovery Limited- Audited results for the year ended 30 June 2022

  • Revenue grew 7% to R50.52 billion.
  • Normalised profit from operations grew 45% to R9.384 billion.
  • Profit for the year increased by 70% to R5 479 million.
  • EPS increased by 72% to 825.5 cents per share.
  • No dividend was declared.

Prosus N.V.- Update on repurchase program

  • Prosus repurchased 3 453 497 Prosus Shares for a total consideration of US$214 358 931.

Tiger Brands

  • According to Reuters, Tiger Brands is recalling its Purity Essentials baby powder products as a precautionary measure after traces of asbestos were detected in test samples.
  • The share is down 4.83% so far today.

 

The U.S.

Apple

  • Brazils ministry of justice has fined Apple $2.3M and has halted iPhone 13 sales until Apple includes the charger in the box.

Walmart & UnitedHealth Partnership

  • Walmart and UnitedHealth have announced the beginning of an initial 10-year partnership.

Nio earnings

  • EPS of -$0.20 missing expectations of -$0.18.
  • Revenue of $1.54B beating expectations of $1.42B.
  • The company said next quarter it expects to deliver between 31K to 33K vehicles below consensus estimates of 37.7K.

Sofi

  • SoFi Announces Multi-Year Partnership with Los Angeles Chargers Quarterback Justin Herbert.

 

 

 


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