Company Data
| Last traded |
R25.91 |
| Change |
R0.01 |
| % Change |
0.04% |
| Cumulative volume |
595,764 |
| Market cap |
R8.16bn |
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May 25 2012 11:36
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May 24 2012 17:31
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Johannesburg -
Coronation Fund Managers [JSE:CML] has reported a 32% increase in profit to R299m for the six months to end-March, and growth in diluted headline earnings per share of 26% to 81.7c.
Revenue has increased by 32% to R865m.
The group said strong inflows, particularly to the retail business, combined with a positive market environment helped to boost assets under management to R231bn from R203bn in September.
The interim dividend has been hiked by 57% to 80c per share.
After an "exceptional" 18 months, Coronation has cautioned against future revenue growth expectations. "The investment environment is likely to remain challenging in the foreseeable future," the group said in a statement.