Coronation Fund Managers has advised shareholders to expect an earnings rise of up to 30% when it releases its annual results in November, despite its assets under management barely growing in the second half of its financial year.
The Cape Town-based fund manager said in a Thursday trading statement that earnings per share, headline earnings per share and diluted headline earnings per share for the fiscal year ended September 30, were expected to rise 20%-30% to between 478.2c and 518.1c per share, compared to the corresponding period the previous year. Coronation said those earnings included the net impact of unrealised fair-value gains of 17c per share, up from 15.4c per share in the prior year...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: