Discovery earnings to climb | Fin24
 
In partnership with
  • Data Market Inquiry

    MTN says it is prepared to defend itself before Competition Tribunal over report.

  • Claims of sabotage

    What we know so far about allegations of sabotage at an Eskom power station.

  • Dudu Myeni

    Court dismisses former SAA chiar's bid to have Outa withdraw from delinquency case.

Loading...

Discovery earnings to climb

Aug 24 2011 08:34

Company Data

DISCOVERY LIMITED [JSE:DSY]

Last traded 122
Change 7
% Change 6
Cumulative volume 2948632
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Discovery maintains healthy performance

NHI to bite health insurers' profits

Discovery: NHI will boost economy

Discovery names Ntsaluba as director

 
Johannesburg - Discovery Holdings [JSE:DSY] on Wednesday advised that its full-year headline earnings per share would be up to 10% higher.

The company said its headline earnings would include some, but not all, of the impacts of the Standard Life Healthcare acquisition and the related increase in shareholding in Prudential Health Holdings as well as excluded realised gains.

Discovery Holdings reported headline earnings of 278.8c a share in the year to end June 2010.

Earnings per share, which includes all of the impacts of the transaction and realised gains, is expected to be between 45% and 55% higher than the 309.9c a share reported for the corresponding reporting period last year.

Discovery said to assist in understanding the results for the period it intended to provide a normalised headline earnings figure, which is defined as earnings excluding the impact of the acquisition of Standard Life Healthcare and excluding realised gains on available-for-sale financial instruments.

"Management is of the view that this best represents the operating results for the period," the company said.

Discovery announced its acquisition of the entire share capital of Standard Life Healthcare, a wholly-owned subsidiary of the Standard Life Group, for R1.56bn in May last year. It also announced a related increase in shareholding in Prudential Health Holdings, the holding company of PruHealth and PruProtect, the joint ventures between Discovery and Prudential Assurance Company of the United Kingdom.

Normalised headline earnings per share is expected to be between 25% and 35% higher than the corresponding reporting period of the previous year.

Discovery anticipates releasing its full-year results on September 1. 

discovery holdings
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote

Loading...