Sasfin earnings up by almost third on better credit controls
The financial services company grew headline earnings per share 31.42% amid lower tax expenses and a healthier credit book
17 September 2019 - 12:16
Financial-services provider Sasfin Holdings said on Tuesday that headline earnings grew by almost a third to R161m in the year to end-June, due to an improved credit:loss ratio and a lower tax bill.
The group said its credit:loss ratio improved to 1.02%, from 1.97% a year before, while its tax expense fell to R48m from R71m previously...
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