African Phoenix Investments Limited reported consolidated earnings results for the six months ended March 31, 2019. For the period, the company reported income from operations was ZAR 125,516,000 compared to ZAR 110,297,000 a year ago. Profit for the period was ZAR 13,814,000 compared to ZAR 20,585,000 a year ago. Basic earnings per ordinary share were 1.0 cents against of 1.4 cents a year ago.