Sanlam cites tough conditions as earnings fall by a third

Financial services group Sanlam said half-year earnings fell by almost a third following once-off charges linked to its broad-based BEE scheme as well as a downturn in the local equity market.

Diluted headline earning per share slipped 32% to 169c, but the group said it was pleased with its operational performance, given tough economic conditions in SA and Namibia. Excluding the effect of the new share issuance, the group’s Rogev fell to 8.9% for the period, which was below the group’s target for the period of 13.5%.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Controversial debt-relief law taking a bite out of earnings, says TFGThe group says it is being cautious in extending credit, but reported 14.1% growth in cash turnover for TFG Africa for the first 21 weeks of its 2020 year
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »