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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: Directors Deals Ltd.
Provider: GlobalData

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TrustCo Group Holdings Ltd gives FY 2014 earnings guidance

Wednesday, 11 Jun 2014 07:42pm EDT 

TrustCo Group Holdings Ltd:Sees FY 2014 headline earnings per share to be a minimum of 14.87 cents.Sees FY 2014 basic earnings per share to be a minimum of 29.34 cents.Says the expected increase in earnings per share is mainly attributable to the following key factors in the 2014 financial period.Says student loan book growth has driven increased profitability in the education and student finance segments of the Group’s business, whilst non-performing loans remain low.Says sales in the property segment of the Group’s business have grown from the previous period and have contributed meaningfully to Group earnings.And the Group’s Namibian insurance segment continues to grow earnings at good organic rates, however the Insurance segments outside of Namibia remain in loss making positions as expansion efforts continue. 

Company Quote

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27 Mar 2015