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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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USPA Global Licensing Announces Oceania Region Expansion Of U.S. Polo Assn. With Legend Linen In Home Product Category

WEST PALM BEACH, Fla. and MELBOURNE, Australia, June 10, 2021 /PRNewswire/ - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), ....

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USPA Global Licensing Announces Oceania Region Expansion of U.S. Polo Assn. With Legend Linen in Home Product Category

WEST PALM BEACH, Fla. and MELBOURNE, Australia, June 10, 2021 /PRNewswire/ U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has partnered with Legend Linen ....

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When the rumor spread, salt of 18-20 rupees started being sold for 100 rupees a kg; Chefs who have returned from abroad are now making Arabic dishes in the villages | अफवाह फैली तो 18-20 रुपए का नमक 100 रुपए किलो में बिकने लगा; विदेशों से लौटे शेफ अब गांवों में अरबी डिश बना रहे

When the rumor spread, salt of 18-20 rupees started being sold for 100 rupees a kg; Chefs who have returned from abroad are now making Arabic dishes in the villages | अफवाह फैली तो 18-20 रुपए का नमक 100 रुपए किलो में बिकने लगा; विदेशों से लौटे शेफ अब गांवों में अरबी डिश बना रहे
bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.

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MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held

MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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