Stefanutti Stocks improves profitability amid restructuring

Stefanutti Stocks Holdings (JSE:SSK) announced its reviewed condensed consolidated results for the year ended February 28, 2025, revealing a significant turnaround in profitability. Contract revenue increased to ZAR7,657.091 million from ZAR7,084.226 million, while operating profit before investment income rose to ZAR333.370 million from ZAR209.001 million in the prior year. Despite these gains, auditors highlighted a material uncertainty related to going concern due to current liabilities exceeding current assets.