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Provider: Reuters Investment Profile
$20.00
Provider: Directors Deals Ltd.
$12.00
Provider: GlobalData
$125.00

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TrustCo Group Holdings Ltd Issues FY 2013 Earnings Guidance


Tuesday, 4 Jun 2013 01:10am EDT 

TrustCo Group Holdings Ltd announced that for fiscal 2013, it expects headline earnings per share to be at a minimum of 50% lower than the comparable period's ZAR0.2027 and that basic earnings per share to be at a minimum of 60% lower than the prior period's ZAR0.3508. The expected decrease in earnings per share is mainly attributable to the following key factors in the fiscal 2013 period is due to reduced revenue and profitability in the Micro Insurance Segment in South Africa. The decrease in revenues is as a result of certain claims administration contracts that ended during the period and were not renewed; coupled with a significant investment and new business spend on launching the group’s micro-insurance products in South Africa. 

Company Quote

281.0
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27 Nov 2014