LIB-HOLD: 10,288 +143 (+1.41%)
S.Africa's Liberty sees H1 earnings to rise
JOHANNESBURG, July 18 (Reuters) - South African insurer
Liberty Holdings Ltd said on Thursday half-year
earnings are expected to jump at least 45% as the firm proceeds
with its turnaround plan.
Normalised headline earnings per share, a key profit measure
that excludes certain one-off items, is expected to be between
698.9 cents and 747.1 cents per share for the six months ended
June 30, up from 482 cents a year earlier.
"Progress is being made towards rebuilding a competitive and
sustainable business, resulting in improved operating earnings
whilst the focus on new business volumes continues," the firm
said in a statement.
Liberty Holdings’ interim results will be released on August
(Reporting by Tanisha Heiberg; editing by Jason Neely)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.