Steinhoff Investment Holdings, a wholly owned subsidiary of Steinhoff International, reported a first-half profit and said it will continue with its proposed global settlement with litigants claiming damages from it regarding an accounting scandal in which the group's former CEO Markus Jooste has been charged by German prosecutors.

The company said revenue from continuing operations increased 8% to R36.5bn in the six months to end-March and operating profit from continuing operations, after other material expenses, improved 149% to R5.2bn...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now