JOHANNESBURG – South African insurer Sanlam increased first-half headline earnings per share by 85 per cent as it benefited from investment income but said yesterday the growth trend may not continue in the second-half.
Sanlam, the country’s second-biggest insurer, said headline earnings per share – which excludes non-trading, capital and certain extraordinary items – increased to 102.5 cents as it gained from the sale of its stake in banking group Absa. Headline EPS on a long-term rate of return rose 14 per cent to 86 cents per share and the group said its embedded value per share increased 29 per cent to 14,41 rand.- Nampa-ReutersHeadline EPS on a long-term rate of return rose 14 per cent to 86 cents per share and the group said its embedded value per share increased 29 per cent to 14,41 rand.- Nampa-Reuters
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