Johannesburg - Financial services provider PSG Konsult has
posted solid results for the financial year ending February 2012 by increasing
headline earnings per share by 21.6% from 12.5 cents to 15.2c.
The results reflect the amalgamation with PSG Asset
Management (previously PSG Fund Management) on March 1 2011, with an increase
in the number of issued shares from 733 million to 1.070 billion.
Headline earnings increased by 77% from R91.5m to R162.3m,
which was partly due to the amalgamation. Turnover increased by 40% to R1.379bn
while funds under administration grew from R97.3bn to R139bn.
A final dividend of 7.3 cents per share (2011: 6.0c)
was declared which, together with the interim dividend of 3.0c/share,
brought the total for the period under review to 10.3c/share (2011:
8.8c), an increase of 17%.
CEO Willem Theron said the results were considered most satisfactory.