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The Daily Update: 14 June

Feb. 29, 2024
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FinMeUp
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FinMeUp

The latest updates from the JSE and NYSE over the past 24 hours.

 

South Africa

The SPAR Group Limited- Interim results for the six months ended 31 March 2023

  • Group turnover for the Group increased by 7.9% to R72.9 billion.
  • Operating profit declined by 17.5% to R1.5 billion.
  • Diluted headline earnings per share decreased by 30.2% to 447.7 cents.
  • Net asset value per share increased by 27.5% to 5,576.0 cents.
  • The group opened 58 new stores during the period.
  • SPAR Southern Africa reported a 5.6% increase in turnover, with the core grocery business growing by 7.9%.
  • BWG Group (Ireland and South West England) saw a turnover increase of 8.8% in EUR terms.
  • SPAR Switzerland's turnover declined by 4.3% in CHF terms.
  • SPAR Poland achieved turnover growth of 4.9% in PLN terms.
  • The board decided not to declare an interim dividend for the period.

Naspers Limited- Trading statement

  • EPS for total operations is expected to decline by between 49.8% and 56.8%.
  • HEPS for total operations is expected to decline by between 75.1% and 82.1%.

Prosus- Trading statement

  • Earning per Naspers share for total operations is expected to decline by between 39.8% and 46.7%.
  • Headline earnings per Naspers shares is expected to decline by between 74% and 80.9%.

 

The U.S.

AI

  • The SEC is moving to introduce new rules for brokerages using AI to interact with clients.

Microsoft

  • Microsoft CFO Amy Hood told investors that new AI-powered services including those powered by OpenAI will contribute at least $10B to the companys revenue.

CPI

  • CPI for May just came in at +4% YoY below expectations of +4.1%.

AMD

  • AMD has announced the launch of its 4th Gen AMD EPYC "Bergamo".
  • Oracle and Amazon Web Services have announced today new products using AMD chips.
  • AMD CEO Lisa Su just said AI is AMD's "largest and most strategic long-term growth opportunity".
  • She also said that AMD sees the total addressable market for data center AI to reach $150B+ by 2027.

 


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