Discovery’s shares continue bumpy ride after earnings warning
Discovery attributes the expected fall in earnings to the coronavirus crisis
16 June 2020 - 19:55
Discovery’s share price fell on Monday after the financial services group warned of a large drop in earnings as a result of the coronavirus pandemic.
Shares in the company dropped nearly 3% to R105.43 after it announced its headline earnings per share (heps), a widely used measure to show profits in SA, could be between 70% and 90% lower in the year to June 30...
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