July 18, 2019 / 6:42 AM / 7 months ago

S.Africa's Liberty sees H1 earnings to rise

JOHANNESBURG, July 18 (Reuters) - South African insurer Liberty Holdings Ltd said on Thursday half-year earnings are expected to jump at least 45% as the firm proceeds with its turnaround plan. Normalised headline earnings per share, a key profit measure that excludes certain one-off items, is expected to be between 698.9 cents and 747.1 cents per share for the six months ended June 30, up from 482 cents a year earlier.

“Progress is being made towards rebuilding a competitive and sustainable business, resulting in improved operating earnings whilst the focus on new business volumes continues,” the firm said in a statement.

Liberty Holdings’ interim results will be released on August 1. (Reporting by Tanisha Heiberg; editing by Jason Neely)

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