JSE-listed BrimstoneInvestments reported a staggering surge in profit for the full year ended December 2021, which it says was supported by the strong performance of some of its subsidiaries and positive investment returns. Moneyweb AkhonaMatshoba
JSE-listed investment holding company Brimstone Investments reported a staggering surge in profit for the full year ended December 2021, which it says was supported by the strong performance of some of its subsidiaries and positive investment returns. The group has been reporting full-year losses since 2018. The group’s headline earnings per share for the period increased by 586% to 289.9 cents, up from the loss it reported in the previous comparable period 0f 61.
“This reduction in debt has commensurately reduced finance costs which is pleasing in the current environment of an upward interest rate cycle,” he adds. Subsidiaries boost performance The group’s JSE-listed subsidiary Sea Harvest contributed to Brimstone’s recovery, posting a strong set of results with revenue for the period up 5% to R4.6 billion.
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