SANLAM:  6,990   0 (0.00%)  17/08/2019 00:00

Sanlam FY Diluted HEPS Of 441,1 Cents

March 7 (Reuters) - Sanlam Ltd:

* DIVIDEND PER SHARE OF 312 CENTS, UP 8%

* FY NET VALUE OF NEW COVERED BUSINESS UP 7.8% TO R2 BILLION (UP 14% ON CONSISTENT ECONOMIC BASIS)

* FY DILUTED HEADLINE EARNINGS PER SHARE 441,1 CENTS

* FY NET NEW COVERED BUSINESS MARGIN OF 2.67% ON CONSISTENT ECONOMIC BASIS (2.94% IN 2017)

* FY NEW BUSINESS VOLUMES INCREASED BY 1% TO R223 BILLION

* FY NET FUND INFLOWS OF R42 BILLION COMPARED TO R37 BILLION IN 2017

* FY NORMALISED HEADLINE EARNINGS PER SHARE CENTS 431,7 CENTS

* FY RETURN ON GROUP EQUITY VALUE PER SHARE OF 11.6%

* ZAMBIAN HEALTH BUSINESS EXPERIENCED ONE-OFF LOSSES OF R32 MILLION, INCLUDING BAD DEBT PROVISIONS FOR AMOUNTS OWING BY FORMER OUTSOURCED PARTNER

* ZAMBIAN HEALTH BUSINESS TURNAROUND IN PROSPECTS IS ALREADY EVIDENT Source text for Eikon: Further company coverage:

2019-03-07 07:31:07

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