News24
18 Jun 2021, 16:10 GMT+10
Retailer Steinhoff has reported an interim profit of R4.7 billion - this follows a loss of R13.7 billion reported for the 2020 financial year.
The retail group on Friday issued its reviewed interim results for the six months ended 31 March 2021.
By comparison, the group recorded a R24.18 billion loss for the same period last year.
According to the financial results, audited by Mazars, revenue from continuing operations increased 8% to R36.5 billion.
Headline earnings per share improved from a loss of 23 716. 32 cents to earnings of 5 054.54 cents.
According to the report, its litigation settlement proposal provision increased from R9.4 billion to R10.6 billion, due to an additional expense of R1.2 billion.
No interim dividend was declared on ordinary shares.
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More InformationWASHINGTON, D.C.: Families of some of the 346 people who died in two deadly Boeing 737 MAX crashes plan to oppose a proposed deal between...
ROSEMEAD, California: Southern California Edison (SCE) has outlined a US$6.2 billion wildfire mitigation plan aimed at reducing fire...
WASHINGTON, D.C.: A federal appeals court recently lifted a block that had stopped President Donald Trump's administration from removing...
LEXINGTON, St. LOUIS: A strong spring storm caused tornadoes overnight in the U.S. Midwest and Ohio River Valley, killing at least...
BANGKOK, Thailand: An American political science teacher, Paul Chambers, is still stuck in Thailand, even though the government dropped...
NEW YORK CITY, New York: A federal judge has decided to take control of New York's Rikers Island jail away from city officials due...
BEIJING, China: Huawei has launched its first laptops running on its proprietary HarmonyOS, marking a significant step in its effort...
NEW YORK, New York: U.S. stocks dived on Wednesday as investors and traders fretted about the passing of the budget bill by Congress...
WASHINGTON, D.C.: U.S. President Donald Trump said over the weekend that Walmart should eat the tariffs instead of blaming duties imposed...
WASHINGTON, D.C.: The Trump administration is scrutinizing Apple's plans to partner with Chinese tech giant Alibaba to bring its artificial...
TOKYO, Japan: Nissan is reportedly considering shutting down two car assembly plants in Japan and several overseas factories, including...
NEW YORK, New York - U.S. stocks weakened across the board on Tuesday, led by the tech sector once more. I would say that the largest...