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2013-02-26
Corporate Updates


South Africa

FirstRand:The financial services group, in its trading statement for 1H13, indicated that basic headline EPS is expected to increase between 24.0% and 29.0%, compared to R1.03 posted in the comparable period last year. Diluted normalised EPS is anticipated to be between 22.0% and 27.0% higher from R1.02 posted in the same period prior year.

Nedbank Group:The banking company, in its results for FY12, reported that net interest income came in at R19.68bn, a 9.1% rise compared to the previous year. Diluted headline EPS increased 19.0% to R15.95, compared to a year ago, driven by growth in its consumer lending business and a rise in the number of new customers. Separately, the company announced that it expects to exercise its right to acquire an Ecobank stake as early as November 2013 and would pay for the deal out of its own cash.

RMB Holdings:In its trading statement for 1H13, the company stated that headline EPS is expected to be between 25.0% and 30.0% higher from R1.36 posted in the same period previous year. Normalised EPS is expected to increase between 22.0% and 29.0%, compared to R1.34 reported in the comparable period a year ago.  

Sun International:In its results for 1H13, the company stated that its revenue stood at R5.22bn, a 9.5% rise compared to the same period last year. Diluted adjusted headline EPS was 38.8% higher at R4.08 from the corresponding period prior year.

Wilson Bayly Holmes-Ovcon:The company, in its results for 1H13, indicated that its revenue climbed 43.4% to R12.02bn, compared to the corresponding period prior year. Diluted headline EPS was 15.6% higher at R7.29 from the same period last year, helped by increased activity in its Australian operations.

Brimstone Investment Corporation:The company, in its trading statement for FY12, indicated that EPS is expected to be between R3.17 and R3.81, higher than R1.85 posted a year ago. Headline EPS is expected to be in the range of R3.15 to R3.77, compared to R1.76 reported in the previous year.

Intu Properties:The real estate investment trust confirmed that it is in advanced discussions with Legal & General Property to acquire the Midsummer Place Shopping Centre in Milton Keynes.

SAB to invest R700.00mn in new Alrode maltings plant:SABMiller’s subsidiary, South African Breweries, announced that it would invest R700.00mn in a new maltings plant in Alrode, east of Johannesburg, allowing the company to reduce the amount of malted barley it imports.

Efficient’ Vunani posts 24.4% rise in distributions:Property loan stock company, Vunani Property Investment Fund, reported a 24.4% rise in distributions to 38.00c/linked unit for 1H13.

Hulamin grows profit despite fall in turnover:Aluminium processor, Hulamin Holdings, reported a 128.0% rise in diluted headline EPS to 57.00c for FY12, despite a drop in turnover to R6.54bn from R6.91bn reported the year before.

Thank you Anchor Capital

                                                                                                 


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