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Positive update from VenFin

By Iain Scott, ITWeb group consulting editor
Johannesburg, 16 Aug 2004

JSE-listed VeniFin says earnings per share for its latest financial year will be 10% to 20% higher than those of the previous year.

For the year to June 2003, VenFin achieved basic earnings of 116.1c a share. This comprised 56.6c from VenFin and its subsidiaries and 59.5c from associated companies.

Headline earnings amounted to 130.2c a share. VenFin and subsidiaries contributed 19.8c while associated companies accounted for 110.4c.

The group also declared a maiden dividend of 25c for the year.

VenFin is an investment holding company with shareholdings mainly in telecommunications, technology and media businesses.

It has stakes in, among others, Vodacom, Psitek, Tracker, Idion Technology Holdings, e-tv, Dimension Data and Intervid.

The VenFin share was trading at 1 941c on the JSE by midmorning today, down 9c or 0.46% from Friday`s close.

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