Business brief | WeBuyCars lifts amid mixed profit forecast; AI demand sees Samsung boom
In a busy day for corporate news, WeBuyCars lifted despite warning of a fall in headline profit, though this isn't related to its operational performance. In international news, Samsung has reported a nearly tenfold rise in profit as AI demand fuels demand for chips.informed shareholders that core headline earnings are expected to rise by between 24% and 29% to as much at R410 million in its six months to March.
Total production guidance increased to approximately 1.55 million ounces from 1.38 to 1.48 million previously."The excellent operating results in this reporting period have been a function of our ongoing investment in safety, quality ounces and operational excellence," it said."This ensures consistent delivery throughout the gold cycle.
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