Famous Brands profits soar
Famous Brands reported a 71% increase in headline earnings per share on Monday, as the company continued to build capability and capacity amid its merger and acquisition spree.
However, the company said it would withhold paying dividends until 2018, due to a higher gearing that resulted from its acquisitions.
The owner of Steers and Wimpy saw revenue increase by 23% to R2.451bn and operating profit by 17% for the six months ended 31.... Read more »
Posted on : Thursday , 3rd November 2016