Operating costs, forex losses knock Seacom earnings

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Operating costs, forex losses knock Seacom earnings
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Seacom’s contribution to Remgro’s headline earnings fell by 77% in the year ended December 2021, driven lower by increased operational costs and forex losses.

JSE-listed investment group Remgro’s headline earnings fell by 77% in the year ended December 2021, driven lower by increased operational costs and foreign exchange losses.

Seacom contributed R8-million to Remgro’s earnings in the six-month period, down from R35-million a year earlier.

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