Inactive Instrument

Long4life Limited

Equities

L4L

ZAE000243119

South Africa's Long4Life H1 profit slumps on COVID-19 restrictions

October 21, 2020 at 02:58 am EDT

Johannesburg (Reuters) - South African investment firm Long4Life reported on Wednesday a 75.5% fall in first-half trading profit, following the significant disruption on all group businesses as a result of COVID-19 restrictions.

Long4Life, which owns Sportsmans Warehouse stores and beauty and grooming group Sorbet, said trading profit for the six-months ended Aug. 31 fell to 49.1 million rand ($2.98 million)from 200.7 million rand a year earlier.

Group revenues reduced by 22.6% to 1.4 billion rand due to store closures.

($1 = 16.4588 rand)

(Reporting by Nqobile Dludla; Editing by Jacqueline Wong)

Latest news about Long4life Limited

Clicks Group Limited completed the acquisition of Sorbet Holdings Proprietary Limited from Long4life Limited.	23-05-31	CI
Clicks Group Limited agreed to acquire Sorbet Holdings Proprietary Limited from Long4life Limited for ZAR 105 million.	22-11-23	CI
Old Mutual Private Equity managed by Old Mutual Private Equity Fund V completed the acquisition of Long4life Limited.	22-05-30	CI
Long4life Limited(JSE:L4L) dropped from S&P Global BMI Index	22-05-25	CI
Transcript : Long4life Limited - Shareholder/Analyst Call	22-02-28
Long4life Gets Formal Proposal from Old Mutual Private Equity to Acquire Co	21-12-03	CI
Old Mutual Private Equity managed by Old Mutual Private Equity Fund V made as cash offer to acquire Long4life Limited for ZAR 4.17 billion	21-12-02	CI
Transcript : Long4life Limited, H1 2022 Earnings Call, Oct 14, 2021	21-10-14
Long4life Limited Reports Earnings Results for the Half Year Ended August 31, 2021	21-10-14	CI
Long4life Limited Declares Dividend for the Six Months Ended 31 August 2021, Payable on 15 November 2021	21-10-14	CI
Long4life Limited Provides Earnings Guidance for the Six Months to 31 August 2021	21-09-03	CI
Long4life Limited Reports Earnings Results for the Full Year Ended February 28, 2021	21-06-07	CI
Tranche Update on Long4life Limited's Equity Buyback Plan announced on July 21, 2020.	21-05-11	CI
Long4life Limited acquired Direct Leisure Golf Distributors Ltd.	21-05-11	CI
Long4life Limited's Equity Buyback announced on July 21, 2020, has expired with 141,958,125 shares, representing 19.34% for ZAR 485.7 million.	21-02-15	CI
An unknown buyer acquired 7.6% stake in Long4life Limited from Investec Group.	21-01-31	CI
Aylett & Company Ltd acquired an unknown stake in Long4life Limited.	20-12-13	CI
South Africa's Long4Life H1 profit slumps on COVID-19 restrictions	20-10-21	RE
Long4life Limited Reports Earnings Results for the Half Year Ended August 31, 2020	20-10-20	CI
Tranche Update on Long4life Limited's Equity Buyback Plan announced on July 21, 2020.	20-10-20	CI
Tranche Update on Long4life Limited's Equity Buyback Plan announced on October 15, 2019.	20-10-20	CI
Long4life Limited Provides Earnings Guidance for the Six Months Ended August 31, 2020	20-10-08	CI
Long4life Limited commences an Equity Buyback Plan, under the authorization approved on July 1, 2020.	20-07-21	CI
Long4life Limited Announces the Appointment of Bradley Moritz as CEO of the Sport and Recreation Division	20-07-08	CI
Long4life Limited Approves Committee Appointments	20-07-01	CI

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Company Profile

Long4Life Limited is an investment company specializing in acquring medium and long-term stakes in South African listed and unlisted companies primarily operating in the lifestyle sector, with potential to generate superior returns to shareholders.

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