Glencore (JSE: GLN): A $5bn Bonus Year, $3.5bn Normal
Glencore (JSE: GLN) says its trading arm will make over US$5bn of Marketing EBIT in 2026, but normal is about $3.5bn…
Earnings and profit
Episodes about Earnings and profit.
Trading Statements: Why Your JSE Share Moves Early
What is a trading statement? The JSE 20% rule, how to read a HEPS range on SENS, and why your share can jump before…
Capitec (JSE: CPI): Record R9.5bn Half, More Bad Debt Cover
Capitec (JSE: CPI) grew headline earnings 19% to a record R9.5bn, yet set aside more for bad debts. The credit loss…
Kumba Iron Ore (JSE: KIO): Why the Dividend Fell to R7.90
Kumba Iron Ore (JSE: KIO) cut its interim dividend from R16.60 to R7.90 as HEPS fell 41%. Rand, rain, rail and price…
Mantengu (JSE: MTU): R315m Loss, Then a Dubai Takeover Bid
Mantengu Mining (JSE: MTU) blamed short sellers, then posted a R315m loss, a qualified audit later withdrawn, JSE…
Harmony Gold (JSE: HAR): R4.4bn Payout, 11 Years on Guidance
Harmony Gold (JSE: HAR) met production guidance for the 11th year running and paid R4.4bn in dividends. HEPS vs EPS…
Retained Earnings Explained: Where Did the Profits Go?
Retained earnings explained for JSE investors: what the statement shows, how to calculate it, why it isn't cash, and…
Anglo American (JSE: AGL): De Beers Writedown Explained
Anglo American (JSE: AGL) cut De Beers by $2.3bn and posted a $3.7bn loss, yet EBITDA rose. Impairments, lab-grown…
Trellidor (JSE: TRL): HEPS Down Up to 99.97%. Now What?
Trellidor (JSE: TRL) warned HEPS would fall up to 99.97% as a big UK project ended. Lumpy revenue, cost cuts, a…
Cash Flow Explained: Why Profits Don’t Pay the Bills
Cash flow explained for JSE investors: operating, investing and financing cash flow, free cash flow, working capital…
Starbucks (NASDAQ: SBUX): Why Spend $1bn to Close Stores?
Starbucks (NASDAQ: SBUX) is spending about $1bn to close coffeehouses and cut 900 office roles. Restructuring charges…
Income Statement Explained: From Revenue to Net Profit
The income statement explained for JSE investors: revenue, cost of sales, gross profit, expenses, EBIT, interest, tax…
The JSE stories worth knowing about, explained like a mate would at the braai. No hot tips, no spam.