LIB-HOLD: 11,120 -45 (-0.40%)
S.Africa's Liberty sees H1 earnings to rise
JOHANNESBURG, July 18 (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
(Reporting by Tanisha Heiberg; editing by Jason Neely)
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