July 26, 2024, 8:53 p.m.
The Daily Update: 27 February
July 17, 2023
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FinMeUpThe latest updates from the JSE and NYSE over the past 24 hours.
 
South Africa
Truworths International Limited- Unaudited group interim results for the 26 weeks ended 1 January 2023
- Sale of merchandise grew by 13.1% to R10.9 billion.
- Retail sales grew by 13.7% to R11.3 billion.
- Profit before finance costs and tax grew by 5.6% to R2.7 billion.
- EPS grew by 12.5%.
- The board has declared an interim gross dividend of 320 South African cents and will be paid on Monday, 20 March 2023.
Spur Corporation Limited- Interim Results for the six months ended 31 December 2022 and Cash Dividend
- Franchised restaurant turnovers grew by 31.5% to R4.9 billion.
- Revenue grew by 35.0% to R1 533.8 million.
- Profit before income tax grew by 103.0% to R168.4 million.
- EPS grew by 198.0% to 137.14 cents.
- Unrestricted cash and cash equivalents totalled R293.5 million.
City Lodge Holdings Limited- Unaudited Interim Results and Cash Dividend Declaration for the six months ended 31 December 2022
- The company's revenue for the six months increased to R848m, compared to R436m in 2021.
- Earnings per share and headline earnings per share were 17c, compared to a loss of 6c in the prior period.
- The company declared a dividend of 5c per share, compared to no dividend in 2021.
- The average group occupancies for the six months ended 31 December 2022 were 57%, compared to 30% in 2021.
- The recovery from the Covid-19 pandemic has seen improved numbers of foreign tourists visiting South Africa, in addition to an increase in domestic business and leisure travel.
- The company faced some challenges such as electricity load shedding and supply chain disruptions, resulting in longer lead times and higher prices.
- The group generated EBITDAR for the six months of R303.8 million, which is an improvement of 143% (2021: R124.9 million).
- The improvement in trading conditions has delivered a profit of R97.9 million from a loss of R33.8 million in the prior period.
 
The U.S.
Goldman Sachs
- Goldman Sachs disclosed a new $30 Billion share buyback program earlier today.
Meta
- Facebook has announced it is creating a new AI large language model called LLaMA.
Alibaba
- Alibaba reduced its workforce by around 19,000 employees last year representing about 7% of its workforce.
Square Earnings
- EPS of $0.22 missing expectations of $0.27.
- Revenue of $4.65B beating expectations of $4.53B.