Discovery’s shares continue bumpy ride after earnings warning

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Canada News News

The company has set aside R3.3bn for estimated future virus-related expenses until 2022

16 June 2020 - 19:55Discovery’s share price fell on Monday after the financial services group warned of a large drop in earnings as a result of the coronavirus pandemic.

Shares in the company dropped nearly 3% to R105.43 after it announced its headline earnings per share , a widely used measure to show profits in SA, could be between 70% and 90% lower in the year to June 30.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE has worst day in a month amid fears of second virus waveAgribusiness Zeder’s share price jumped 6.33% to R2.35 after the company said on Monday that it had sold its shares in Quantum Foods
Source: BDliveSA - 🏆 12. / 63 Read more »

Telkom earnings expected to drop by at least 60%The decrease is mainly due to R1.2bn one-off costs relating to its restructuring programme Uzozwa sebethi More Nice is no more🤦🏽‍♂️ Where is the minister of communication in all this... Stellarated your leadership is required here, you were no where to be found during the DataMustFall movements, Telkom is taking yet another dip, ukuphi kanti?
Source: BDliveSA - 🏆 12. / 63 Read more »

Telkom earnings expected to drop by at least 60%The decrease is mainly due to R1.2bn one-off costs relating to its restructuring programme
Source: BDliveSA - 🏆 12. / 63 Read more »