Close

Not a member yet? Register now and get started.

lock and key

Sign in to your account.

Account Login

Forgot your password?

HOSKEN FY HEADLINE EARNINGS DOWN 54 PCT

14 May General

South Africa’s Hosken Consolidated Investments Ltd (HCIJ.J: Quote) reported a 54 percent drop to 255 cents in full year headline earnings on Thursday.

Hosken, which controls leisure firm Johnnic Holdings JNCJ.J and has a majority stake in commercial TV broadcaster etv, said revenue for the year to end March stood at 8.06 billion rand ($942.3 million), compared to 5.43 billion rand in the previous corresponding period.

“Growth in the media businesses together with the first-time consolidation of Seardel and the Cullinan Hotel were the most significant drivers of growth in revenue,” the firm said in a statement.

Source: Reuters – Serena Chaudhry