Investment company Brait’s net asset value
per share for the six months to September 30 rose 255.4% to R123.50
compared with a year ago, the group announced on Tuesday.
The board declared an interim preference dividend of R4.8723/€0.321133 per share for the period.
Over the six months, Brait received investment portfolio flows of R17.5bn of which R15.8bn were proceeds from the sale of Steinhoff shares and R1.7bn from its "other investments portfolio" and from Premier.
It invested R27.9bn through the acquisition of 89% of UK clothing chain New Look and acquired 78% of Virgin Active.
Brait said New Look had seen strong trading across all its channels, providing momentum to further develop and deploy its five-pillar strategy.
Virgin Active’s solid performance for the nine months to September 30 was characterised by continued revenue management and margin enhancement, it said.
At 9.30am Brait was trading 4.15% higher at R158.
BUSINESS DAY.
Over the six months, Brait received investment portfolio flows of R17.5bn of which R15.8bn were proceeds from the sale of Steinhoff shares and R1.7bn from its "other investments portfolio" and from Premier.
It invested R27.9bn through the acquisition of 89% of UK clothing chain New Look and acquired 78% of Virgin Active.
Brait said New Look had seen strong trading across all its channels, providing momentum to further develop and deploy its five-pillar strategy.
Virgin Active’s solid performance for the nine months to September 30 was characterised by continued revenue management and margin enhancement, it said.
At 9.30am Brait was trading 4.15% higher at R158.
BUSINESS DAY.
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