Sasfin final result June 2013











Total income rose to R753.8 million (R650.3 million) and profit from operations increased to R170.3 million (R159.1 million). Profit attributable to equity holders climbed 19% to R136.2 million (R114.4 million). In addition, headline earnings per share jumped 22% to 421 cents per share (344 cents per share).

Preference share cash dividend
Notice was given that the directors have declared a gross cash preference dividend number 18 amounting to 347.74320 cents per share.

Final ordinary share cash dividend
Notice was given that a final ordinary share cash dividend for the financial year ended 30 June 2013, amounting to 108 cents per share (88 cents per share), has been declared.

Notice of Annual General Meeting and posting of Integrated Annual Report
The annual general meeting of Sasfin will be held at 29 Scott Street, Waverley, Johannesburg, on Thursday, 28 November 2013 at 14:00. The integrated report will be posted to shareholders on or about 28 October 2013. The audited Group Annual Financial Statements will be available on the company's website on or about 28 October 2013.

Prospects
*Sasfin is well positioned to grow its franchise value and enhance its value proposition to its target markets of entrepreneurial, private, business, corporate and institutional clients.
*Despite the prevailing levels of uncertainty and constrained growth in the economy, the group expects to see improved levels of business activity across all segments based on current market conditions.
*Sasfin's growth trajectory is indeed sustainable on the back of its strong infrastructure and capital position, improved liquidity, diversified funding base and high-touch banking and financial services model.





2013-09-11 10:21:07