Net income – News

Premier Group Acquires RFG Holdings in Major JSE Share Swap Deal

JSE-listed Premier Group will acquire convenience meals company RFG Holdings through a share swap arrangement. The transaction will see RFG shareholders collectively owning approximately 22.5% of the enlarged Premier Group, with RFG subsequently delisting from the JSE.

Major Food Industry Consolidation Through Share Exchange

In a significant development within South Africa’s food production sector, Premier Group will acquire RFG Holdings through a stock swap arrangement that will result in RFG shareholders collectively owning about 22.5% of the enlarged entity, according to reports from both companies. The transaction, which requires regulatory approvals, represents one of the larger recent consolidations in the fast-moving consumer goods sector.

by Bennett LauraOctober 16, 2025

Business Economy and Trading

Synchrony Financial Q3 Profits Surge as Online Spending Defies Economic Pressures

Synchrony Financial posted a significant profit increase in Q3 2024, with net income reaching $1.08 billion. The consumer lender benefited from sustained online spending despite economic headwinds and reported improved credit metrics across its portfolio.

Strong Quarterly Performance

Synchrony Financial (SYF.N) reportedly delivered robust third-quarter results, with net income rising to $1.08 billion, or $2.86 per share, according to recent financial disclosures. This represents a substantial increase compared to the $789 million, or $1.94 per share, reported during the same period last year, sources indicate.

by Ortega RafaelOctober 16, 2025

Business Personal Finance

Goldman Sachs Reports Record $15.18 Billion Q3 Revenue Amid Market Recovery

Goldman Sachs delivered record third-quarter revenue of $15.18 billion, marking a 20% year-over-year increase. The investment banking giant reported net earnings of $4.1 billion, driven by strong performance across capital markets and wealth management divisions. CEO David Solomon cited an “improved market environment” as key to the robust results.

Goldman Sachs shattered expectations with record third-quarter revenue of $15.18 billion, representing a substantial 20% increase compared to the same period last year. The Wall Street powerhouse reported net earnings of $4.1 billion, a remarkable 37% surge, as the firm capitalized on resurgent capital markets activity and strengthened investment banking performance. Diluted earnings per common share reached $12.25, significantly exceeding both last year’s $8.40 and analyst projections, demonstrating the bank’s ability to thrive in what CEO David Solomon described as an “improved market environment.”