Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images South Korea’s Samsung Electronics expects its profits to triple in the final three months of last year, reaching a record high, as memory prices surge amid booming demand tied to artificial intelligence. The world’s largest memory…
Eskom’s Kendal coal-fired power station. Siphiwe Sibeko/Reuters Eskom on Friday reported profit after tax of R24.3-billion for the six months to the end of September, roughly 37% higher than the same period last year. In September Eskom reported its first full-year profit in eight years after a sudden turnaround in the performance of its coal-fired…
Altron CEO Werner Kapp. Despite a challenging economic environment, JSE-listed technology group Altron has delivered a strong set of results, with a 15% increase in operating profit, for the six months ended 31 August. Announcing its financial results in a statement this morning, the group says despite its digital business taking a knock, operating profit…
Ioco Limited has reported a return to profitability for the financial year ended 31 July 2025, marking a decisive turnaround after three years of losses. The technology group credited its improved performance to an operational reset, disciplined execution, and a more focused business structure. Group CFO Ashona Kooblall For the first time, Ioco generated enough…
A visitor looks at a model of SK hynix’s high-bandwidth memory (HBM) technology during the 2025 World IT Show in Seoul on April 24, 2025. Jung Yeon-je | Afp | Getty Images South Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative…
iOCO co-CEO Rhys Summerton. (Photograph supplied) Listed technology solutions company iOCO has swung to profit after last year’s loss, reporting that both earnings and headline earnings per share have moved into the black for the year to July. However, the market showed little reaction to the news, with shares flat this morning. In its full-year…
Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters Europe’s largest lender HSBC on Tuesday beat third-quarter profit expectations as the bank’s net interest income rose while performance of its wealth segment was also robust. The bank’s profit before tax for the three…
A wave of real estate development in the cities and urban centres of Africa’s most populous nation, where the government requires $6.25 billion in yearly investment to narrow a housing shortfall, is fuelling demand for building materials, particularly cement. Nigeria’s building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9…
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TLDR Kenyan asset-financing startup M-KOPA has reported its first-ever profit after more than a decade of operations across Africa The Nairobi-based company posted a KES 1.2 billion ($9.2 million) profit in 2024, reversing a KES 3.2 billion ($24.7 million) loss in 2023 Founded in 2011 to provide solar home systems on credit, M-KOPA has since…
