trending Market Intelligence /marketintelligence/en/news-insights/trending/FsR6AgXFTYENVMeit6FxNA2 content esgSubNav
In This List

Taste Holdings fiscal H1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Taste Holdings fiscal H1 profit falls YOY

Taste Holdings Ltd. said its normalized net income for the fiscal first half ended Aug. 31 amounted to 3 South African cents per share, a decline of 38.9% from 5 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.1 million rand, a decrease of 37.6% from 9.8 million rand in the prior-year period.

Total revenue grew 14.7% year over year to 302.3 million rand from 263.5 million rand, and total operating expenses climbed 17.4% year over year to 288.5 million rand from 245.7 million rand.

Reported net income fell 38.0% from the prior-year period to 7.0 million rand, or 3 cents per share, from 11.3 million rand, or 6 cents per share.

As of Oct. 9, US$1 was equivalent to 11.06 rand.