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Highlights * Headline earnings increased to R39m * Gross premium income grew 40% * CAR was confirmed at 231% * Return on shareholders funds increased to 24%
Sasfin has delivered a 185% increase in headline earnings per share to 236,5c (2003: 83c) for the year ended 30 June ‘04, while earnings attributable to ordinary shareholders climbed to R60,2m (2003: R20,4m).
(11.4.04) The group consolidates its retail brands into one, with the Life and Unit trust businesses now known as Sage Financial.
- HEPS up 169% to 118.9c - Cost-to-income ratio down to 68.5% from 90.5% - Return on equity increased to 33.8% p.a. from 13.7% p.a. - Sasfin Bank capital adequacy ratio is 27,6%
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?