The Daily Update: 16 February

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

South Africa

South32 Limited- Financial Results for the Half Year Ended 31 December 2022

• Revenue fell by 8% to US$3 696 million.
• Profit attributable to ordinary equity holders fell by 34% to US$685 million.
• HEPS fell by 44% to 12.7 U.S. cents per share.
• The board has declared an interim dividend of US 4.9 cents per share and will be paid on 6 April 2023.

Grindrod Shipping Holdings Limited- Unaudited Financial Results For Year Ended December 31, 2022

• Revenue of $460.5 million.
• Gross profit of $166.8 million.
• Profit for the year from continuing operations and attributable to owners of the Company of $103.4 million.
• Adjusted net income of $121.1 million.
• Year-end cash and cash equivalents of $46.6 million.

The U.S.

Robinhood

• Robinhood reported $3.7 Billion of trading volume from Crypto during January 2023 up 95% MoM.

Shopify Earnings

• EPS of $0.07 beating expectations of -$0.01.
• Revenue of $1.73B beating expectations of $1.65B.