n Personal Finance Newsletter - JSE-listed companies' profit bonanza : markets
|Article Title||JSE-listed companies' profit bonanza : markets|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||May 2012|
|Pages||10 - 11|
Of 62 financial and industrial companies reporting for the period to December, 32 reported headline earnings improvements of 20% plus. Seventeen raised headline earnings by more than 40%. And these were not small companies. MTN, with full-year headline earnings of R19.8 billion and Standard Bank with R13.6 billion were the leaders in rand terms. Sasol staggered shareholders, reporting R14.2 billion of headline earnings in six months.
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