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S.Africa's Liberty sees H1 earnings to rise

07/18/2019 | 03:55am EST

JOHANNESBURG (Reuters) - South African insurer Liberty Holdings Ltd said on Thursday half-year earnings are expected to jump at least 45% as the firm proceeds with its turnaround plan.

Normalised headline earnings per share, a key profit measure that excludes certain one-off items, is expected to be between 698.9 cents and 747.1 cents per share for the six months ended June 30, up from 482 cents a year earlier.

"Progress is being made towards rebuilding a competitive and sustainable business, resulting in improved operating earnings whilst the focus on new business volumes continues," the firm said in a statement.

Liberty Holdings’ interim results will be released on August 1.

(Reporting by Tanisha Heiberg; editing by Jason Neely)

© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX -1.06% 501.92 Delayed Quote.-5.57%
JASON CO., LTD. 0.88% 684 End-of-day quote.87.91%
LETS HOLDINGS GROUP CO., LTD. 1.30% 9.36 End-of-day quote.54.97%
LIBERTY HOLDINGS LIMITED -0.93% 64.2 End-of-day quote.-41.98%
LOOK HOLDINGS INCORPORATED 2.71% 1063 End-of-day quote.-15.10%
RISE, INC. 4.17% 25 End-of-day quote.-16.67%
S&P AFRICA 40 INDEX -0.87% 162.67 Delayed Quote.-5.02%
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