Loading...
See More

Discovery to boost RMB profit

Mar 08 2010 09:09

Company Data

DISCOVERY LIMITED [JSE:DSY]

Last traded 132
Change 7
% Change 6
Cumulative volume 1926378
Market cap 0

Last Updated: 05-03-2015 at 04:19. Prices are delayed by 15 minutes. Source: McGregor BFA

RMB HOLDINGS LIMITED [JSE:RMH]

Last traded 69
Change 0
% Change 1
Cumulative volume 966507
Market cap 0

Last Updated: 05-03-2015 at 04:19. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

FirstRand: Nxasana's challenge

Gloomy outlook for bank sector

RMBH sells interest in Glenrand

 

Johannesburg - Financial holding firm RMB Holdings [JSE:RMH] expects to post a rise in half-year profit thanks to a robust performance by insurer Discovery Holdings [JSE:DSY] and its exit of an emerging market portfolio.

The company said on Monday it expects headline EPS -- the main profit gauge in South Africa which strips out certain one-off, financial and non-trading items -- to be 15-19 percent higher for the six months to end-December.

Normalised earnings per share are expected to be 20-25 percent higher.

RMBH, which owns a 27% stake in Discovery Holdings, said its results would be lifted by Discovery's 54% increase in first-half headline earnings.

It added that its results had also been helped by its successful exit of an emerging market portfolio in which it was invested without incurring further losses.

The company is expected to publish its results on March 10.

- Reuters

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Fin24 has teamed up with Ian Mann, ace business book reviewer and author of the best-selling book “Managing with Intent,” to host the second Best Business Books Breakfast of the year where Ian will show you how to lead and attract.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Facebook as a tool for small business is:

Previous results · Suggest a vote

Loading...