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Cape Town - Sanlam [JSE:SLM] has advised shareholders that the group's headline earnings per share (Heps) and earnings per share for the six months
ended June 30 2013 are expected to exceed those of the previous corresponding
period in 2012 by between 35% and 45%.
Normalised Heps are expected to be up between 30% and 40%. This outperformance is in part due to exceptional items, including certain one-off positive investment revaluations of some R200m in the current reporting period, and the discontinuance of the charge in group earnings for secondary tax on companies following its replacement with a dividend withholding tax.
The information in this trading statement has not been reviewed or reported on by Sanlam's external auditors. Sanlam's results for the six months ended 30 June 2013 will be released on 5 September 2013.
Normalised Heps are expected to be up between 30% and 40%. This outperformance is in part due to exceptional items, including certain one-off positive investment revaluations of some R200m in the current reporting period, and the discontinuance of the charge in group earnings for secondary tax on companies following its replacement with a dividend withholding tax.
The information in this trading statement has not been reviewed or reported on by Sanlam's external auditors. Sanlam's results for the six months ended 30 June 2013 will be released on 5 September 2013.
