News: JD Group Ltd (JDGJ.J)

JDGJ.J on Johannesburg Stock Exchange

2,410.00ZAc
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Mon, Sep 8 2014

BRIEF-JD Group posts FY HEPS from continuing operations of 93.9 cents

* FY revenue from continuing operations R30.6 billion (FY2013: R29.2 billion)

South Africa's JD Group soars on news of finance unit sale

JOHANNESBURG, Sept 2 - Shares of South Africa's JD Group jumped more than 5 percent in early trade on Tuesday after the struggling furniture retailer said it would sell its financing arm, after getting hit by exposure to the troubled consumer debt market.

UPDATE 2-South Africa's JD Group to sell finance arm, flags full-year loss

JOHANNESBURG, Sept 1 - South African furniture retailer JD Group flagged a hefty full-year loss on Monday and said it would sell its finance arm, having been hit by its exposure to consumer debt in Africa's most developed economy.

CORRECTED-S.Africa's JD Group agrees to sell consumer finance unit

JOHANNESBURG, Sept 1 - South African furniture retailer JD Group on Monday said it has agreed to sell its financing unit to an international consumer finance group, becoming the latest firm to cut its exposure to troubled consumer debt.

BRIEF-JD Group says accepted offer to sell consumer finance division; sees FY headline loss

* Shareholders of jd group are hereby advised that company has accepted an offer from an international consumer finance provider to acquire, jd group's consumer finance division, excluding its insurance operations

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