Investment and insurance holding company PSG Financial Services expects its earnings to rise as much as 30% at the halfway stage of its year, it said on Friday.
The group, which is valued at about R22.8bn on the JSE, expects headline and recurring headline earnings per share for the six months ended August to rise 27%-30% to between 47.6c and 48.7c.
Recurring HEPS, excluding amortisation, are expected in a range of 50.5c-51.8c, up 25%-28%, it said in a statement.
Attributable earnings per share are expected to be 27%-30% higher at 47.7c to 48.9c.
The group gave no reasons for the expected increases.
For the year ended February, the group reported an 11% rise in recurring HEPS to 81.1c, while increasing the total dividend by 17% to 42c per share.
The full-year results were bolstered by cash and offshore exposure, which helped it weather the low-growth SA environment. The Cape Town-based company attracted more clients in the period, which helped it report net clients’ inflows of R23bn.
Assets under management at the end of the 2024 financial year increased 15% to R407bn and gross written premium increased 13% to R7bn.
The company, formerly known as PSG Konsult, expects to release its results on October 17.
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