Sanlam delivers 'acceptable operational performance' in interim results | Fin24

Sanlam delivers 'acceptable operational performance' in interim results

Sep 06 2018 09:02

Financial services group Sanlam [JSE:SLM] said it had delivered an "acceptable operational performance" in a tough operating market when it published its interim results for the six months ended 30 June 2018.

"Operating conditions were very challenging during the first six months of 2018 across a number of markets where Sanlam operates. 
Investment market volatility, a stronger average rand exchange rate and a weak South African economy in particular dampened growth 
prospects for our key performance indicators," it said in a statement.

Headline earnings grew 12% from R4.56bn in the six months ended June 30 2017 to R5.12 billion in 2018.  Diluted normalised headline earnings per share grew 8% to 236.2c, from 218.7c over the comparable period in 2017.   

New business volumes declined by 1%, which it called an 'acceptable performance under difficult conditions'.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

Follow Fin24 on Twitter and Facebook. encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.



Company Snapshot

Money Clinic

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

Voting Booth

What is your reaction on Tito Mboweni's announced VAT exempted items?

Previous results · Suggest a vote