The investment holding conglomerate is keeping a close eye on the Russia-Ukraine war
Remgro, the investment holding conglomerate chaired by Johann Rupert, more than doubled its first-half headline profit as the range of its underlying investee companies recovered from the Covid-19 pandemic.
Private hospital group Mediclinic International, Grindrod Shipping, TotalEnergies, FirstRand and RCL Foods contributed the most to the financial results. Remgro’s intrinsic net asset value per share was up 14.2% to R202.47 as at December. The closing share price on the JSE as of the end of December was R131.15, representing a discount of 35.2% to the intrinsic net asset value.“During the period under review, Remgro and most of its investee companies experienced a robust recovery in financial performance compared to the previous period, with the majority of financial metrics ahead of pre-pandemic levels,” the company said in a statement.
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