Patriot One Releases Second Quarter Results globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
The Preliminary results for the year ended 31 December 2020 announcement released on 15/03/21 at 7:00am London time under RNS No.1803S contained an error relating to other operating expenses in the Financial Review section and the table titled Consolidated Statement of Comprehensive Income. The following amendments have been made. Operating Profit
Operating profit of US$66.9 million was US$2.0 million lower than prior year (2019: US$68.9 million) principally due to the negative impact of the BRL devaluation against the US, lower revenues being offset by reduced operating costs and no impairment charges in the current financial year (2019: US$13.0 million). Operating margin for the year was 18.9% (2019: 20.2% - excluding the impairment charge) principally due to the increase in foreign exchange losses on monetary items, negatively offsetting lower operating costs as the Company implemented cost savings strategies in the face of Covid-19 and lower
Horizonte Minerals Plc: Updates to Quarterly Results for Three and Nine Months Ended 30 September 2020 investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
Absa isn’t paying any dividends for 2020 after the Covid-19 pandemic resulted in a sharp rise in credit impairments for the year, reducing earnings and its capital levels. The decision follows renewed guidance from the SA Reserve Bank (SARB) in February which, while allowing the resumption of payouts to shareholders, advised banks to remain prudent with their capital.
Other banks have declared dividends for the period to end-December after recovering from the worst of 2020’s hard lockdown. While Absa also reported an improved second half, CEO Daniel Mminele’s 20 years at the SARB prior to taking the top job at the bank may have influenced its more cautious approach. Still, the decision is likely to disappoint investors who were banking on a final dividend for the year after it withheld an interim payout.
Investegate |Raven Property Grp Announcements | Raven Property Grp: Final Results investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.