The Daily Update: 21 August

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

South Africa

Curro Holdings Limited

• Average learner numbers increased by 3% to 72,385 for the first half of 2023.
• Revenue increased by 16% to R2 389 million
• EBITDA increased by 21% to R566 million.
• Recurring HEPS increased by 36% to 34.6 cents per share.
• HEPS increased by 26% to 34.6 cents per share.
• EPS increased by 21% to 33.4 cents per share.
• The board decided not to declare a dividend for the six months ended 30 June 2023.

Thungela Resources Limited

• Profit for the reporting period was R3.0 billion, a decrease from R9.6 billion in H1 2022.
• Earnings per share decreased by 67% to 2,245 cents.
• Adjusted operating free cash flow was R4.3 billion, compared to R8.9 billion in H1 2022.
• Net cash position was R13.6 billion, compared to R14.8 billion in H1 2022.
• Interim ordinary cash dividend declared of R10 per share (down 83%)
• Zibulo North Shaft project approved, increasing life of mine by 10 years.
• Ensham acquisition in Australia announced, contributing to geographical diversification.
• Soft coal prices and Transnet Freight Rail underperformance affected performance.
• Efforts to improve rail performance with collaboration between TFR and industry.