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Remgro falls, earnings down

Nov 28 2012 16:31 Reuters

Company Data

REMGRO LIMITED [JSE:REM]

Last traded 267
Change 2
% Change 1
Cumulative volume 648885
Market cap 0

Last Updated: 31-03-2015 at 01:01. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Shares of Remgro [JSE:REM] fell by more than 1% after the company said it is likely to report a more than 20% drop in first-half earnings due to once-off charges incurred by Mediclinic International when it refinanced its debt.

Mediclinic, which is 34.2% owned by Remgro, raised R5bn via a rights offer to refinance debt and fund expansion in October.

By 13:32, Remgro shares were down 1.14% at R146.91, compared with a 0.84% drop in the JSE Top-40 blue chip index.
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Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

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