WeBuyCars owner Transaction Capital reports a R1.86bn loss in its latest results.
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GUEST - David Hurwitz, CEO of Transaction Capital
Shares of SA's biggest taxi financier and Transaction Capital plunged another 17% on Wednesday, after it delivered a profit fall that was worse than guided. It reported a loss of almost R1.9 billion for its half-year, from a profit of R615 million previously. The company didn't declare a dividend. Core continuing earnings per share, the group's preferred profit measure which excludes certain non-operational items, fell 48% in the half-year to end March, worse than the up-to 46% it warned of in March.
Shares of SA's biggest taxi financier and Transaction Capital plunged another 17% on Wednesday, after it delivered a profit fall that was worse than guided. It reported a loss of almost R1.9 billion for its half-year, from a profit of R615 million previously. The company didn't declare a dividend. Core continuing earnings per share, the group's preferred profit measure which excludes certain non-operational items, fell 48% in the half-year to end March, worse than the up-to 46% it warned of in March.
