Headline earnings per share decreased by 94 percent to R296-million, Discovery said.thanks to the pandemic's toll on the local and global economy and operations.
But the company's core new business grew by five percent to almost R20-billion while operating profit was also up by nine percent. This was however taking into account COVID-19 impacts.Discovery warns of decline in profitsThe company says its bank’s performance is pleasing, with over 370,000 accounts at end of June and deposits of over R2-billion.
The group has also set aside R3.4-billion to cater for future COVID-19-related claims and policy lapses.
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