Remgro ( (RMGOF) ) has released its Q2 earnings. Here is a breakdown of the information Remgro presented to its investors.
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Remgro Limited is a South African investment holding company listed on the Johannesburg Stock Exchange, with a diversified portfolio spanning healthcare, consumer products, financial services, infrastructure, and industrial sectors. The company reported a robust performance for the six months ending December 2024, with headline earnings per share rising by 38.6% to 672 cents and an interim dividend per share increasing by 20% to 96 cents. Key contributors to this growth included improved operational performances from investee companies like Rainbow, RCL Foods, and OUTsurance Group, alongside a return to profitability for Heineken Beverages. The company’s intrinsic net asset value per share also saw a 10.3% increase to R276.89. Looking ahead, Remgro remains committed to disciplined capital allocation and enhancing the performance of its portfolio companies, aiming to unlock long-term value for shareholders despite ongoing global macroeconomic challenges.