Johannesburg - Remgro, a South African investment company controlled by billionaire Johann Rupert, said full-year profit rose 66 percent as banking and health care assets delivered higher earnings.
Net income was 6.92 billion rand in the 12 months through June, compared with 4.18 billion the previous year, the Stellenbosch-based company said in a statement today.
Revenue increased 50 percent to 24.62 billion rand, while the dividend was raised 12 percent to 3.89 rand.
Remgro owns stakes in companies including private-hospital owner Mediclinic International and FirstRand bank.
Profit from the food, liquor and homecare unit declined 29 percent after RCL Foods made a full-year loss.
The shares gained 0.2 percent to 244 rand by the close in Johannesburg, valuing the company at 126 billion rand.
The stock has gained about 17 percent this year, compared with an 11 percent rise in the FTSE/JSE Africa All Share Index. - Bloomberg News