MMI Holdings Ltd (MMIJ.J)
JOHANNESBURG, March 7 South Africa's insurer MMI Holdings reported a 2.6 percent fall in half-year earnings on Wednesday and said it would start buying back some of its shares instead of paying dividends.
JOHANNESBURG, March 7 South Africa's insurer MMI Holdings said on Wednesday half-year earnings fell 2.6 percent, due to weaker persistency in Metropolitan Retail and lower profitability of life products at Momentum Retail.
* HY DILUTED CORE HEADLINE EARNINGS OF R1 556M (97 CENTS PER SHARE) IS DOWN 3% YEAR-ON-YEAR
* MARY VILAKAZI HAS RESIGNED AS DEPUTY CHIEF EXECUTIVE OFFICER OF COMPANY, EFFECTIVE 31 MARCH 2018
* HY HEADLINE EARNINGS PER SHARE IS EXPECTED TO SHOW AN INCREASE OF BETWEEN 20 AND 30 PERCENT