Alexander Forbes expects lower earnings in continuing operations

Londiwe ButheleziThe country's largest pension funds administrator Alexander Forbes said it expects its earnings per share from continuing operations to plunge by about a third when it reports its results for the year ended in March.

In an announcement posted on the Stock Exchange News Services late on Tuesday, Alexander Forbes said the capitalised software development assets write-off related to the cancelled IT contract amounted to R287m while it incurred a cost of R50m for terminating the agreement. The company had already disclosed the financial effect of the IT contract in its interim financial results.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Alexander Forbes expects lower earnings in continuing operationsDecline in earnings attributed to write-off of obsolete R1bn IT contract
Source: BDliveSA - 🏆 12. / 63 Read more »

Alexander Forbes expects lower earnings in continuing operationsDecline in earnings attributed to write-off of obsolete R1bn IT contract
Source: BDliveSA - 🏆 12. / 63 Read more »

Imperial Logistics expects lower earnings as it impairs SA assetsThe company says that the the state of SA’s economy and rising competition has led it to intensify efforts to restructure and rationalise its operations Impairs SA Assets. Learn to write English.
Source: BDliveSA - 🏆 12. / 63 Read more »

Pepkor says market-share gains boosted half-year earningsCompetitive pricing helped bolster the clothing and merchandise business, says the group
Source: BDliveSA - 🏆 12. / 63 Read more »