Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Discovery posts healthy profits

Sep 01 2011 10:42 I-Net Bridge

Company Data

Discovery Holdings Ltd [JSE : DSY]

Last traded R48.90
Change R-0.15
% Change -0.31%
Cumulative volume 622,626
Market cap R28.94bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Related Articles

NHI to bite health insurers' profits

Discovery: NHI will boost economy

Discovery maintains healthy performance

Discovery names Ntsaluba as director

Discovery enters insurance market

Discovery earnings to climb

 

Top Stories

Gauteng road project costs rocket

May 25 2012 13:58

The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.

Greek euro worries pressures rand

May 25 2012 19:13

Uncertainty over the future of the euro zone returned to push the rand down against the dollar.

Sizeable drop in petrol price expected

May 24 2012 17:31

The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.

 
Share Share line Print

Johannesburg - Health insurer Discovery Holdings [JSE:DSY] on Thursday reported a 32% increase in its operating profit to R2.838bn for the year ended June 30 2011.

Normalised headline earnings per share increased by 31% to 365.8 cents, with the group's embedded value per share growing 19% to R48.45.

Gross inflows under management grew by 21% to over R50bn.

"Discovery performed strongly during the past financial year," said Discovery CEO Adrian Gore.

"Despite economic uncertainty, considerable policy debates and volatile markets both locally and internationally, the year under review was a seminal one for Discovery - it achieved considerable success in the context of growth, innovation and quality across virtually all areas of the business," said Gore.

"Not only did Discovery's businesses perform better than expected, but it also made significant progress in furthering the development of the Vitality framework and its alternate applications locally, and in translating Discovery's business model into a 'repeatable' construct that underpins its expansion into new markets." 

 
 
Comment on this story
9 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

NicolaaSmith

CIPPA equals automatic zero erosion in the constant item economy We do not have stable – as in fixed real value – money. The real value of money is generally accepted by the public at large to be stable – as in fixed – in low inflation economies, but this is not true. The be... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

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

Loading...