Wealth and asset manager Peregrine Holdings said on Friday that its headline earnings per share are likely to have dropped by as much as 45% in the six months to end-September.
The group, which includes wealth manager Citadel, and asset managers Peregrine Capital and Stenham, said it expects its HEPS and earnings per share to fall by between 35% and 45% to between 45.1c and 57.9c. The company said in June that it grappled with deal-flow, citing difficult financial market conditions after itsPeregrine said ongoing HEPS for the period are expected to increase by between 10% and 15%.
The group’s financial results for the six months to end-September 2019 are scheduled to be released on November 13.
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