Remgro warns of profit fall as Covid-19 hits investees
Headline earnings per share from continuing operations is expected to fall as much as 75% in the group’s year to end-June
15 September 2020 - 13:06
Remgro, the listed investment holding company chaired by Johann Rupert, has warned that profits could fall three quarters in its year to end-June, with Covid-19 hitting its underlying investees.
Headline earnings per share from continuing operations is expected to fall by between 65% and 75% in the year to end-June, from 981.4c previously. This has been adjusted for Remgro’s unbundling of its 28.2% interest in RMB Holdings in June...
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