Coronation flags 30% earnings rise despite flat second-half AUM

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Coronation Fund Managers’ assets under management rose just 0.8% in the second half of its financial year

Coronation Fund Managers has advised shareholders to expect an earnings rise of up to 30% when it releases its annual results in November, despite its assets under management barely growing in the second half of its financial year.

The Cape Town-based fund manager said in a Thursday trading statement that earnings per share, headline earnings per share and diluted headline earnings per share for the fiscal year ended September 30, were expected to rise 20%-30% to between 478.2c and 518.1c per share, compared to the corresponding period the previous year. Coronation said those earnings included the net impact of unrealised fair-value gains of 17c per share, up from 15.4c per share in the prior year...

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines