July 27, 2024, 3:04 a.m.
The Daily Update: 13 June
July 17, 2023
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FinMeUpThe latest updates from the JSE and NYSE over the past 24 hours.
 
South Africa
Purple Group Limited
- Purple Group successfully raised a total amount of R105 million through its rights offer.
- The rights offer was oversubscribed, with gross demand exceeding 113% of the available Rights Offer shares.
The Foschini Group Limited- Condensed consolidated financial statements for the year ended 31 March 2023
- Group retail turnover increased by 19.4% to R51.8 billion, with all territories achieving double-digit growth.
- Group revenue increased by 19.4% to R55.1 billion.
- Group online retail turnover grew by 6.6% to R4.7 billion, contributing 9.1% to total Group retail turnover.
- Group gross margin -0.6% to 47.9%.
- Operating profit before finance costs increased by 12.4% to R5.4 billion.
- Profit after tax increased by 4.0% to R3.0 billion.
- Basic earnings per share increased by 4.1% to 938.5 cents per share.
- Headline earnings per share decreased by 4.0% to 968.9 cents per share.
- Cash generation from operations was R7.1 billion.
- A final dividend of 150.0 cents per share was declared, representing a decrease of 54.5%.
Telkom SA SOC Limited- Group Abridged Annual Results for the year ended 31 March 2023
- Revenue increased marginally by 0.9% to R43 138 million.
- EBITDA decreased by 19.8% with an EBITDA margin of 22.1%.
- HEPS and BEPS decreased by 76.6% and 86.8% respectively.
- Mobile service revenue increased by 1.8% to R17 819 million.
- Mobile customer base grew by 7.8% to 18.3 million subscribers.
- IT revenue increased by 13.7% to R6 371 million.
Multichoice Group Limited- Summary consolidated financial results for the year ended 31 March 2023
- Group revenue increased by 7% (4% organic) to ZAR 59.1 billion, with subscription revenues up 7% YoY (4% organic).
- Advertising revenues were up 7% (6% organic), supported by the FIFA World Cup and local content properties.
- Irdeto's revenues declined 4% (17% organic) due to global supply constraints and the decision to exit Russian-based operations.
- Group trading profit decreased by 3% to ZAR 10.0 billion (up 5% organic) due to adverse foreign exchange impact and weaker South African earnings.
- Core headline earnings increased by 2% YoY to ZAR 3.5 billion, mainly driven by the improved contribution from the Rest of Africa.
- Consolidated free cash flow was down 48% YoY to ZAR 2.9 billion, primarily due to working capital investment and a major financial system upgrade.
 
The U.S.
Netflix
- Netflix is in talks to live-stream its first sporting event this fall: a celebrity golf tournament featuring professional golfers and Formula One drivers.
Oracle earnings
- EPS of $1.67 beating expectations of $1.58.
- Revenue of $13.8B beating expectations of $13.72B.
Apple
- Lionel Messi announced today his intentions to join MLS club Inter Miami. 
- Messi's proposed contract terms include a cut of revenue from new subscribers to Apple's MLS Season Pass streaming service.
GameStop Earnings
- EPS of -$0.14 beating expectations of -$0.17.
- Revenue of $1.24B missing expectations of $1.34B.
Walmart
- Walmart had the highest revenue of any American company last year for the 11th consecutive year.
Tesla
- General Motors will follow Ford in partnering with Tesla to use its North American EV charging network.
- General Motors customers will be able to access 12,000 Tesla Superchargers and growing beginning in early 2024.