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Momentum expects ninefold rise in headline earnings after torrid year

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Momentum expects Heps to accelerate up to 875% as it recovers from the pandemic 🔒

Life insurer Momentum Metropolitan is expecting its headline earnings to go up a staggering nine times in its annual results, but was quick to point out that its 2022 year is “not directly comparable” to 2021.

Momentum expects headline earnings per share to accelerate 855%-875% year on year to 295c-301c and normalised Heps 320%-340% to 282c-295c for the year to end-June, the company said on Tuesday...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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