A busy week ends relatively quietly, with liquor group Distell the only company diarised to release results.Friday’s main corporate event is Naspers’s annual general meeting.At its previous AGM, Naspers directors were forced to use their unlisted, high-voting A shares to prevent holders of the group’s JSE-listed N shares refusing to endorse its executive remuneration policy.In Hong Kong, Naspers’s primary investment, Tencent, was down 1.67% to HK$353, indicating the share price of the JSE’s largest company will fall on Friday.Liquor group Distell is scheduled to release its first results since its combination with its holding company Capevin.The restructure resulted in Distell’s JSE code changing to DGH from DST.Distell released a trading statement on Wednesday saying its headline earnings per share (HEPS) would decline by up to 8%, but its basic earnings would rise by up to 30%.Reasons for the anomaly between headline and basic earnings include accounting for the sale of French cog...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.