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.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: