BRIEF-RMB Holdings HY Headline Loss Per Share 0.4 Cents

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BRIEF-RMB Holdings HY Headline Loss Per Share 0.4 Cents
Credit: © Reuters.

March 19 (Reuters) - Rmb Holdings Ltd RMHJ.J :

* JSE: RMH - CONDENSED UNAUDITED INTERIM FINANCIAL RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2020

* RMB HOLDINGS - RMH'S NET ASSET VALUE HAS BEEN RESILIENT, DECREASING BY 4% FROM R4 960 MILLION AT 30 JUNE 2020 TO R4 757 MILLION AT 31 DECEMBER 2020

* RMB HOLDINGS - HY HEADLINE LOSS PER SHARE 0.4 CENTS

* RMB HOLDINGS - HY REVENUE FROM CONTINUING OPERATIONS 48 MILLION RAND VERSUS 286 MILLION RAND

* RMB HOLDINGS - GOOD PROGRESS HAS BEEN MADE WITH VACCINE ROLL-OUT PROGRAMMES IN SERBIA, ROMANIA AND CYPRUS

* RMB HOLDINGS - MARKET SENTIMENT REMAINS NEGATIVE AND EXPECT THIS TO DELAY RECOVERY OF SOUTHERN AFRICAN PROPERTY SECTOR TO PRE-COVID-19 LEVELS

* RMB HOLDINGS - LISTED PROPERTY SECTOR IN SOUTH AFRICA CONTINUES TO BE UNDER PRESSURE WITH REITS GENERALLY TRADING AT SIGNIFICANT DISCOUNTS TO NAV

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