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Santam LtdIssues FY 2012 Earning Guidance


Tuesday, 12 Feb 2013 09:02am EST 

Santam Ltd announced that, for the year ended December 31, 2012, it expects its headline earnings per share (HEPS) to be 15% to 20% below those reported for the prior period. Earnings per share (EPS) are expected to be 25% to 30% below the 2011 corresponding results. The decrease in HEPS and EPS is due to a decrease in underwriting results and an increase in the taxation charge, off-set by an increase in the investment results. Santam Ltd also announced that the difference between HEPS and EPS is due to impairment provisions. 

Company Quote

21000.0
-54.0 -0.26%
4:03am EDT