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Mittal share value plummets after CFO resigns

Mittal share value plummets after CFO resigns
vaalweekblad.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vaalweekblad.com Daily Mail and Mail on Sunday newspapers.

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Amsa withholds dividend despite swinging to profit

Amsa withholds dividend despite swinging to profit
By Dineo Faku
Share
ARCELORMITTAL South Africa (Amsa), Africaâs biggest steel maker, withheld its interim dividend payout despite swinging to an interim profit and slashing debt during the half year ended June this year.
As a result, its shares dipped and ended the day 7.44 percent lower at R6.59 on the JSE yesterday.
Chief financial officer Desmond Maharaj told the virtual financial presentation for the six months ended June 2021 that the company had a long way to go before strengthening its balance sheet.
âOnce we think the balance sheet is strong enough, and resilient enough to handle the various steel cycles, then we will be in a position to have a discussion about when we can resume the dividend,â said Maharaj. ....

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Leaner Amsa's shares surge 16% on investor confidence

Shares in ArcelorMittal South Africa (Amsa) surged 16 percent on the JSE on Friday as the market digested the overview of progress made in its new business model published in its 2020 integrated annual report a day earlier. ....

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