Brait PLC 2018 IR
The report highlights Brait's performance and strategic developments for the fiscal year ended March 31, 2018. During this challenging year, the company's net asset value (NAV) per share decreased by 26.2% to ZAR57.32, primarily due to the write-down of its investment in New Look to nil. Despite these headwinds, portfolio companies like Virgin Active and Iceland Foods successfully refinanced their debt, achieving significant annual interest savings. Additionally, Premier improved its second-half performance and repaid ZAR367 million in shareholder funding to Brait. The company focused on driving value in its existing portfolio and de-gearing balance sheets while continuing its commitment to corporate social investment through the Brait Foundation.
Company: Brait PLC
Sector: Financials
Country: Mauritius
Year: 2018
Type: IR
Pages: 144
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Brait PLC
Integrated Annual Report
The report highlights Brait's performance and strategic developments for the fiscal year ended March 31, 2018. During this challenging year, the company's net asset value (NAV) per share decreased by 26.2% to ZAR57.32, primarily due to the write-down of its investment in New Look to nil. Despite these headwinds, portfolio companies like Virgin Active and Iceland Foods successfully refinanced their debt, achieving significant annual interest savings. Additionally, Premier improved its second-half performance and repaid ZAR367 million in shareholder funding to Brait. The company focused on driving value in its existing portfolio and de-gearing balance sheets while continuing its commitment to corporate social investment through the Brait Foundation.
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Document Details
Report Year
2018
Reporting Period
Apr 1, 2017 - Mar 31, 2018
Fiscal Year
2018
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available