Positive results for the year to June came out today from Group 5, but the shadow of the Competition Commission continues to darken the prospects for, and reputation of, the company. CEO Mike Upton announced a 27 percent rise in revenue. There has also been a turnaround in fully diluted headline earnings. Provision (of an undisclosed amount) has been made for Competition Commission administrative penalties in four cases which recently came to light, and which were not part of the initial G5 dialogue with the Competition authorities.
The full newsletter has been sent to subscribers, with comment from Gavin Maile, Lavan Gopaul and Ron Klipin.
Contact zaconfidential@gmail.com for subscription details.
ZA Confidential 