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Alexander Forbes expects profit fall after sale of insurance business

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Group says despite focus on cost containment it is feeling effects of reduced earnings base

Pension fund administrator Alexander Forbes says it expects headline profit to fall by more than R230m in its year to end-March, with the group feeling the effects of lost earnings after the sale of its SA insurance business.

Total headline earnings per share is expected fall as much as 65% to end-March, the group said in a trading update...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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Alexander Forbes expects profit fall after sale of insurance businessGroup says despite focus on cost containment it is feeling effects of reduced earnings base
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Alexander Forbes expects profit fall after sale of insurance businessGroup says despite focus on cost containment it is feeling effects of reduced earnings base
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »