JSE sees slight earnings increase

JSE sees slight earnings increase

JOHANNESBURG – South African stock market operator JSE Ltd expected full-year headline earnings per share and consolidated earnings to be marginally higher than the year-ago period, the group said on Friday.

Shares in JSE Ltd, one of the 20 biggest global stock exchanges, which operates the JSE/FTSE family of indices including the blue chip Top-40 index of 40 biggest South African stocks, fell 2,51 per cent to 52,50 rand. JSE Ltd said in a trading update that a number of factors, including costs related to a black economic empowerment (BEE) deal and the payment of a special dividend, will impact on earnings for the year to end-December.The group said BEE costs were around 66 million rand while the costs of the special dividend paid in December was 56 million rand.Nampa-ReutersJSE Ltd said in a trading update that a number of factors, including costs related to a black economic empowerment (BEE) deal and the payment of a special dividend, will impact on earnings for the year to end-December.The group said BEE costs were around 66 million rand while the costs of the special dividend paid in December was 56 million rand.Nampa-Reuters

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