The Daily Update: 20 April

June 19, 2024

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


South Africa

Clicks Group Limited- Results for the six months ended 28 February 2023 and Cash Dividend Declaration

  • Group turnover increased by 6.8% to R20.0 billion.
  • Retail turnover increased by 11.9%.
  • Distribution turnover declined by 1.8%.
  • Adjusted group operating profit increased by 7.0% to R1.6 billion.
  • Adjusted operating margin increased by 40 basis points to 8.2%.
  • Headline earnings per share grew by 0.9% to R1.2 billion.
  • The group's return on equity was 41.2%.
  • Clicks Group's Clicks ClubCard loyalty program has passed the 10 million active member milestone.
  • The group plans to open 50 new stores and 40 pharmacies for the financial year.
  • An interim dividend of 185 cents per share will be paid on Monday, 3 July 2023. 


The U.S.

Tesla Earnings

  • EPS of $0.85 missing expectations of $0.86.
  • Revenue of $23.33B missing expectations of $23.35B.
  • Tesla reported Free Cash Flow of $441M below expectations of $3.24B.
  • Tesla ended Q1 with cash, cash equivalents and investments of $22.4B up 24% YoY.
  • Elon Musk has confirmed Tesla is making significant investments in Nvidia GPUs.
  • Elon Musk just said Tesla achieved a 25% reduction in Cost Of Goods Sold in Q1.

Related Tags:
1 min read
Share this article:

Related Articles

All articles