Investment and consulting drive up profit for Alexforbes

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Alexforbes has offloaded insurance businesses to focus on retail advice, investments, retirement fund administration and employee benefits

Alexforbes, SA’s largest retirement fund administrator, reported a rise in headline earnings of almost one-fifth and declared a dividend for its 2022 financial year as its investment business and individual consulting business grew.

The company said on Monday in results for the year to end-March that headline earnings per share from continuing operations were up 19% to 37.2c and declared a final dividend of 20c per, resulting in an annual dividend of 32c, up 45% year-on-year...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 Sunday Times Daily.

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