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SA Corporate Update
Times Media Group: The media and entertainment company, in its results for 1H13, reported that its revenue grew 3.3% to R3.15bn compared to the previous year. Diluted headline EPS remained unchanged at 28.00c from a year ago.
Afgri: In its results for 1H13, the company reported that its revenue rose 20.8% to R4.38bn from the corresponding period last year. However, diluted headline EPS dropped 14.5% to 29.50c from the comparative period a year ago, hurt by high input prices and falling consumer demand.
Anglo American: The mining company announced that production at its Kleinkopje coal mine has resumed, following an illegal walk-out by workers on 12 March 2013.
Gold Fields: The gold miner confirmed that, through the Social and Ethics Committee of its Board of Directors, it has commenced a thorough independent investigation concerning its black economic empowerment transactions, after press reports raised questions about those transactions.
Evraz records R1.00bn loss: Evraz Highveld Steel and Vanadium saw headline loss exceeding R1.00bn for FY12 from a loss of R15.00mn the year before.
ELB Group profit soars 124.0%: ELB Group’s headline EPS jumped 124.0% for 1H13 because of returns from a strong set of projects and growing demand for the group’s services in Africa, the company’s Chairman, Anthony Fletcher said
Bowler Metcalf reports ‘modest’ 7.0% earnings growth: Plastic packaging manufacturer and beverage bottler, Bowler Metcalf, said its performance for 1H13 was a modest improvement over the same period in the previous year.
Compu-Clearing reports 16.0% earnings rise: Compu-Clearing has reported a 16.0% rise in basic headline EPS to 14.40c for 1H13, it said. The company provides software used by customs clearing, freight forwarding, air cargo and related industries to record and clear imported goods. Revenues grew 6.0% to R32.90mn.
Eskom says transformer fire cuts power to some mines: South African utility, Eskom, said on Wednesday that a transformer fire had cut electricity supplies to mines in North West province, home to the world's biggest platinum operations, and it was working to restore power quickly.
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