Equity markets in key emerging economies fell, ‘placing severe pressure on our ability to grow earnings and create value for our clients’, the financial services company saysFinancial services group Sanlam said on Thursday that earnings fell 8% in the year ended December, partly because of the downturn in global equity and fixed-interest markets.
Equity markets in other key emerging economies also fell, “placing severe pressure on our ability to grow earnings and create value for our clients”.However, the group said it delivered “robust overall growth in key performance indicators, supported by our diversification across geographies, market segments and lines of business”.
Sanlam said net investment returns plunged 57% to R707m, while its numbers were also hurt by a sharp increase in project costs and amortisation.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Nederburg maker Distell lifts earnings, even as sales fallThe company says Nigeria, Kenya, Zambia and Mozambique recorded strong growth ‘as we continue to build our local production and route-to-market across the markets’
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
Capitec shares fall despite reporting higher earningsHeadline earnings for the year to end-February rose between 17% and 20%, versus 18% a year before Why would the shares fall if they are making more profit?
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
Afrox cuts final dividend by more than half as earnings fallThe company says growth in strategic markets, price cost inflation recovery and productivity gains from various efficiency projects have helped mitigate the cost increases
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
Market Theatre falling apart despite R100m state cash injection | The StarAllegations are that the iconic precinct shoddy work is to blame for the state of disrepair at the theatre. TheStar_news Too many 'artists' sucking the payment tit dry. TheStar_news What a helluva surprise. TheStar_news Yup.
Källa: IOL - 🏆 46. / 51 Läs mer »
MARKET WRAP: JSE falls despite better-than-expected GDP growthThe local bourse brushes off positive local economic news, with miners, retailers and industrials under the most pressure on the day
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
JSE poised for weak start to a busy day of company resultsStandard Bank Group, MTN, Sanlam and Aspen Pharmacare are four of the companies due to release results on Thursday
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
#RandReport: Rand firms after GDP data, stocks weakAt 1500 GMT, the rand was 0.42% firmer at 14.1400 per dollar, compared to its close of 14.2000 on Monday.
Källa: ewnupdates - 🏆 30. / 53 Läs mer »
Despite Nigerian run-ins, MTN’s earnings nearly doubled in 2018In 2018, the mobile operator was slapped with demands totalling $10.1bn from Nigerian regulators And yet MTNza cancelled FreeTwitter
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
JSE slips amid spate of disappointing earnings reportsGlobal markets were reacting to some disappointing news out of China on Thursday, while US officials have reminded the market that the US-China trade war is far from over Magda_Wierzycka you surprised?
Källa: BDliveSA - 🏆 12. / 63 Läs mer »