Sanlam expects earnings jump

Sanlam shareholders have been advised that the Group’s diluted Headline Earnings per share and diluted earnings per share attributable to shareholders for the six months ended 30 June 2014 are expected to exceed that reported in respect of the corresponding period in 2013 by between 25% and 30%.

Sanlam's share price spike on the day
Sanlam’s share price on the day

Normalised Headline Earnings per share, which exclude the International Financial Reporting Standards transfers between the shareholders’ and policyholders’ funds relating to Sanlam shares held in policyholder portfolios, are also expected to increase by between 25% and 30%.

Sanlam’s results for the six months ended 30 June 2014 are due to be released on 4 September 2014.

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