News Formal

Coronation hit by market turmoil

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Canada News News

Fund manager declares final dividend of 172c a share though it is down sharply

Coronation Fund Managers has become the latest asset management firm to see its results hit by the turmoil in financial markets in 2022.

The Cape Town-headquartered firm said headline earnings per share , a profit measure that excludes one-off items, fell 25% to 366.3c a share for the year to end-September, down from 487.9c in the previous corresponding period...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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.

International Finance: Fund managers are turning ever more pessimistic on the US dollarAsset managers are turning ever more bearish on the dollar amid bets that the Federal Reserve may be approaching the peak of its interest-rate hike cycle.
Source: dailymaverick - 🏆 3. / 84 Read more »