Gold Fields announces $879m earnings in 2020

Posted by - February 18, 2021

Mining giant, Gold Fields has announced a profit of $879 million for last year, according to its 2020 Financial Results. This represents $1.00 per share and is compared with normalised profit of $343m (US$0.42 per share) for last year. Indeed, the company benefited from the windfall of gold prices, following the covid-19 pandemic which compelled

Absa 2018 earnings increases by 3%, hits R16.1 billion

Posted by - March 11, 2019

Banking group Absa has recently reported a three percent increase to R16.1 billion in 2018 normalised headline earnings and said its return on equity improved to 16.8 percent from 16.5 percent. Revenue was up four percent to R75.7 billion and Absa declared a four percent higher dividend of R11.10 per share. It said 2018 was

African Oxygen improves earnings by 11.5%

Posted by - September 11, 2018

Gas manufacturer African Oxygen has disclosed on Monday, 10th of September, which it has increased revenue by 3.9 percent to R2.9 billion in the half year to June, while headline earnings per share rose 11.5 percent to 104 cents. The company explained that, it has managed to increase both revenue and earnings before interest, taxation,

Coffee earnings drop by Sh700m in 7months

Posted by - August 16, 2018

Market data from Nairobi Coffee Exchange (NCE) has shown that the value of coffee has dropped from Sh13.8 billion in July last year to Sh13.1 billion in the period under review, representing a 5.2 per cent decline. According to the Chief executive officer of NCE, Daniel Mbithi, the low price was precipitated by low international