Insurance and financial services group Momentum Metropolitan Holdings warned on Monday that profits could fall almost two-thirds in the year to end-June as it battles with the fallout from Covid-19.
Momentum is the latest insurer to warn of a hit to earnings and profits, saying in a trading update the estimated after-tax effect of Covid-19 on, among other things, economic activity, claims and policyholder behaviour is R1bn, with the group also writing down its properties due to pressure on valuations.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: