UPDATE 2-South Africa's Long4Life beats sales estimates, shares jump [Reuters]
BIDVEST GRP LTD S/ADR (BDVSY)
NASDAQ:AMEX Investor Relations:
bidvest.co.za/investor-presentations.php
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Source: Reuters
UPDATE 2-South Africa's Long4Life beats sales estimates, shares jump - Reuters 3 Min Read * Sales at 3.6 bln rand * Launching beauty range: Sorbet SK-N * Still looking for deals (Adds analyst comment, cash capacity for deals) By Nqobile Dludla JOHANNESBURG, May 15 (Reuters) - South African investment firm Long4Life on Wednesday posted forecast-beating annual sales, boosted by drinks and beauty treatments demand in the summer months, sending its shares up nearly 5%. Long4Life, which invests in the leisure and lifestyle sectors and which reported its first twelve-month period results since listing in 2017, said sales stood at 3.6 billion rand, topping the average analyst estimate of 3.3 billion rand, according to Refinitiv I/B/E/S. Total volumes for the drinks division rose by 19% and revenue increased by 28%, it said, while the personal care and wellness division posted revenue growth of 19%. “In this sort of market, you don’t see these sort of figures. He (Joffe) certainly seems to ha
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