Transnet’s unreviewed financial results for the six months ended 30 September 2021
Transnet SOC Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1990/000900/30)
Issuer Bond Code: BITRA
(“Transnet”, “the Company” or the “Issuer”)
TRANSNET’S UNREVIEWED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED
30 SEPTEMBER 2021
Following an announcement published on the Stock Exchange News Service (SENS) of the
JSE Limited on 29 October 2021, Transnet is pleased to inform noteholders that its business
has seen a significant recovery from the March 2021 annual financial results as well as in
comparison to the six months ended 30 September 2020.
The easing of national lock downs in South Africa, management’s continued focus on business
operations and the unwavering commitment of our employees has ensured that Transnet
continued to deliver on its mandate.
This recovery in our financial results has been delivered notwithstanding the headwinds that
have been faced by the Company which include the residual enduring negative impact of
Covid-19 to the domestic and global economy, the civil unrest, the cyber-attack as well as
various disruptions to our operations that have been reported by the Company and the media.
Salient Features and Performance Highlights of the Unreviewed Financial Results for
the six months ended 30 September 2021 versus 30 September 2020
• Revenue increased by 11.3% from R32.0 billion to R35.6 billion;
• EBITDA up by 34.5% from R9,8 billion to...
Read Full Story: https://www.moneyweb.co.za/mny_sens/transnets-unreviewed-financial-results-for-the-six-months-ended-30-september-2021/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
