Edition:
India

Clientele Ltd (CLIJ.J)

CLIJ.J on Johannesburg Stock Exchange

1,451.00ZAc
12:31pm IST
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Latest Key Developments (Source: Significant Developments)

Clientele Says HY Diluted Headline EPS Decreased By 26 Pct
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Clientele Ltd ::HY DILUTED HEADLINE EARNINGS PER SHARE DECREASED BY 26% TO 57.62 CENTS.A DISAPPOINTING SET OF RESULTS FOR SIX MONTH PERIOD AGAINST BACKDROP OF A PARTICULARLY CHALLENGING ECONOMIC AND INVESTMENT ENVIRONMENT.HY NET INSURANCE PREMIUMS INCREASED BY 4% TO R1.1 BILLION.HY VALUE OF NEW BUSINESS OF R204.1 MILLION.HY NEW BUSINESS PROFIT MARGINS (EXCLUDING SINGLE PREMIUM INVESTMENT BUSINESS) HAVE DECREASED TO 13.5% (2017: 23.0%).BOARD IS NOT EXPECTING ANY MAJOR IMPROVEMENT IN ECONOMIC ENVIRONMENT FOR REMAINDER OF FINANCIAL YEAR.HY NEW BUSINESS PRODUCTION VOLUMES ARE BELOW EXPECTATION FOR TRADITIONAL TELESALES AND INDEPENDENT FIELD ADVERTISERS CHANNELS.  Full Article

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