Sanlam profit up

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Friday, March 10, 2006 - Web posted at 6:35:16 GMT

Sanlam profit up

JOHANNESBURG - South Africa's second-biggest life insurer, Sanlam, almost doubled 2005 headline earnings per share thanks to strong equity markets and better risk underwriting results, the company said yesterday.

The company said in a statement headline EPS - the key profit gauge in South Africa which excludes non-trading, capital and certain one-off items - rose 99 per cent to 229,8 cents.

Sanlam, which had forecast a 90-100 per cent jump in headline EPS, said it was "set for continued growth".

- Nampa-Reuters

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