Discovery Holdings’ 2H 2009 revenues rose by 16% YoY to ZAR3.24 bn, Operating profit rose by 49% YoY to ZAR1.184 bn, and Headline earnings per share (HEPS) rose by 54% YoY to ZAR755 mn. The Group’s embedded value increased by 4% from June 2009, to ZAR20.9 bn. Embedded value, a common valuation measure used outside [...]

AFGRI’s 2H 2009 revenue fell by 9.6% YoY to ZAR3.866 mn from ZAR4.274 mn in 2H 2008. Operating profit margin declined slightly to 12.9% from 14.4% in 2H 2008. The Group’s net cash position improved by ZAR317 mn to ZAR58 mn at the end of 2H 2009 versus a negative ZAR259 mn cash position at [...]

On February 2, 2010 TNK-BP completed the placement of Eurobonds in the aggregate amount of $1 bn, consisting of a 5-year $500 mn tranche and a 10-year $500 mn tranche. The issuer of the Eurobonds is TNK-BP Finance S.A. (Luxembourg), is a wholly owned subsidiary of TNK-BP International Ltd., which is the guarantor of [...]

African Oxygen said that FY 2009 EPS, excluding one-off items, known as headline earnings, fell by 40-50% YoY, considerably below analyst expectations.
Afrox is scheduled to release FY 2009 results on February 18th. For FY 2008 Afrox had reported headline EPS of ZAR1.34.
Afrox is the largest gases and welding products supplier in South Africa, with products [...]

Dana Gas’ FY 2009 Revenue from hydrocarbon sales rose by 12% YoY to AED1.28 bn, while gross profit rose by 69% YoY to AED436 mn. It’s FY 2009 NI fell by 26.7% YoY to AED88 mn from AED120 mn in FY 2008, despite significant profits from the sale of 10% of the company’s interest in [...]

Gold Reef Resorts, a South African gaming and hotel company, disclosed on Friday evening that it is in talks that may affect its shares, while Hosken, a South African investment company with gaming investments, that already holds a 23% stake in Gold Reef, disclosed the same day that it is in talks that may affect [...]

Gold Fields is in negotiations with labor unions to implement a six-day work week for about 10,000 employees to avoid having to lay off workers, as Eskom’s proposed 35% electricity price hike threatens margins, as electricity accounts for some 17% of mining costs. The South African Mine Health and Safety Act, which requires mining companies [...]

South Africa’s Investec, a specialist banking group comprising banking and asset management businesses, said its net operating income after expenses and minorities but before impairments on loans and advances for the April-December 2009 period rose by 1% YoY.
In addition, the company reported the following:

Net operating income (after expenses and minorities but before impairments on loans [...]

Poland’s GDP grew by 1.7% in 2009, well below the 2008 growth rate of 5%.
Poland’s government revised its GDP growth forecast for 2009 from 3.8% to 1.7% early in 2009 acknowledging expectations of a fallout from the global financial crisis.
Investment fell by 0.3% in 2009, while domestic demand declined by 0.9%.
According to Eurostat estimates, GDP [...]

Hungary’s rate of unemployment in 4Q 2009 was 10.5%, unchanged from the September-November period, up from 10.4% during the August-October period, and up from 10.3% in 3Q 2009. Hungary’s unemployed numbered 442,100 in 4Q 2009, an increase of 105,000 versus 4Q 2008.