Remgro LimitedJSE: REM

REM: Headline earnings up 38.7%, dividend up 20%, and Heineken Beverages returns to profitability

· Issued by Remgro Limited

Headline earnings rose 38.7% to ZAR 3.7 billion, driven by strong operational gains in key portfolio companies and a return to profitability at Heineken Beverages. The balance sheet was de-geared, enabling a 20% dividend increase and flexibility for new investments.

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