Sanlam headline earnings sharply higher
Sanlam says its headline earnings per share and earnings per share for the six months to June are expected to be between 35% and 45% higher than the corresponding period last year.
It says normalised HEPS are expected to be up by between 30% and 40%.
"This performance is in part due to exceptional items‚ including certain one off positive investment revaluations of some R200m in the current reporting period and the discontinuance of the charge in Group earnings for Secondary Tax on Companies following its replacement with a dividend withholding tax‚" it said in a trading update on Tuesday (13 August).
Sanlam's results are due to be released in September.