Wealth and asset manager Peregrine Holdings said on Wednesday a decline in activity on the JSE weighed on its interim results to end-September, when headline earnings per share fell 40% to 77.8c.
ssets under management rise 7% to R133bn, but weak activity on the JSE hit its advisory division, Java Capital. “In addition, as transactional activity by JSE-listed companies has declined, so has the volume of required circulars, announcements and other corporate advisory services, which has translated into weaker financial performance,” the company said.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE tracks weaker international marketsGlobal markets fall as Hong Kong protests turn more violent, while a US-China trade deal still looks some way off
Source: BDliveSA - 🏆 12. / 63 Read more »