File: Sanlam attributed this to slow growth and fading confidence in South Africa.
JOHANNESBURG - Sanlam Ltd posted an 8 percent fall in full-year headline earnings as South Africa’s biggest insurer was hit by market volatility and a weak economy at home.Normalised headline earnings per share declined 10 percent to 431,7 from 480 cents in 2017.The company faced rising interest rates in the United States, uncertainties over Brexit and an escalating Sino-U.S. trade war.It also faced weak economies and volatile currencies in a number of other countries in which it operates.
New business volumes increased by just 1 percent, dragged by a 13 percent decline in new business in its investment unit.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
JSE poised for weak start to a busy day of company resultsStandard Bank Group, MTN, Sanlam and Aspen Pharmacare are four of the companies due to release results on Thursday
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Sanlam’s earnings fall on weak equity and bond marketsThe metal is hardly changed amid risk-off sentiment, while the firm dollar limits gains ahead of the European Central Bank’s policy meeting
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Afrox cuts final dividend by more than half as earnings fallThe company says growth in strategic markets, price cost inflation recovery and productivity gains from various efficiency projects have helped mitigate the cost increases
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Nederburg maker Distell lifts earnings, even as sales fallThe company says Nigeria, Kenya, Zambia and Mozambique recorded strong growth ‘as we continue to build our local production and route-to-market across the markets’
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Capitec shares fall despite reporting higher earningsHeadline earnings for the year to end-February rose between 17% and 20%, versus 18% a year before Why would the shares fall if they are making more profit?
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Despite Nigerian run-ins, MTN’s earnings nearly doubled in 2018In 2018, the mobile operator was slapped with demands totalling $10.1bn from Nigerian regulators And yet MTNza cancelled FreeTwitter
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Bidvest interim earnings up 9.6% despite frail economic backdropThe company says its financial position allows sufficient headroom to advance the group’s strategy.
Herkunft: TheCitizen_News - 🏆 6. / 75 Weiterlesen »