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Trustco reports leap in earnings

Johannesburg - Namibian diversified services firm Trustco Group Holdings [JSE:TTO], which was the first foreign group to have a dual listing on the JSE's Africa Board, has reported a sizeable leap in earnings for the first quarter of the year, ending June.

Headline earnings increased from N$3.96m to N$12.8m for the quarter, translating into headline earnings per share of 1.90 cents versus 0.58c for the same quarter last year.

Revenue for the three-month period increased from N$117.8m to N$147.4m.



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