Brimstone Archives - AfricaBusiness.com

Group profit before tax up 540% to R430.2 million Earnings per share up 232% to 97.9 cents Headline earnings per share up 230% to 100.8 cents Finance costs down by R151.9 million (58%) Debt reduction of more than R900 million from disposal of the remaining Life Healthcare shares Repurchase of 5.7 million “N” ordinary shares for R34.8 million Improved debt and liquidity ratios [Cape Town, 31 August 2021] Brimstone today released its Group results, reporting a stellar performance for the six month period ended 30 June 2021. The Group reported a 540% increase in profit before tax of R430.2 million, up from a loss of R97.8 million in the comparative period. The profit is mainly due to strong performances by certain of the Group’s subsidiaries, the upward revaluation of in...

Debt repayment to funders in excess of R1 billion Reduction of R129.8m in finance costs 7m raised from disposal of portion of Equites and Phuthuma Nathi stakes 4m raised from disposal of portion of Life Healthcare stake Improved debt and liquidity ratios Brimstone’s shareholding in Oceana Group increased to 25.01% [Cape Town, 3 March 2021] Brimstone today released its Group results for the year ended 30 December 2020 reporting a reduction of over R1 billion in debt during the year. Brimstone’s two largest investments, Sea Harvest and Oceana Group, produced strong results in an extremely difficult operating and trading period exacerbated by the COVID-19 pandemic. Profit before net finance costs decreased to R481.4 million compared to R658.9 million in the previous year. The decre...

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Brimstone Posts Solid Interim Results

Brimstone Repays More Than R1 Billion Debt In Tough Reporting Period