Momentum expects ninefold rise in headline earnings after torrid year
Momentum expects Heps to accelerate up to 875% as it recovers from the pandemic
23 August 2022 - 20:01
Life insurer Momentum Metropolitan is expecting its headline earnings to go up a staggering nine times in its annual results, but was quick to point out that its 2022 year is “not directly comparable” to 2021.
Momentum expects headline earnings per share (Heps) to accelerate 855%-875% year on year to 295c-301c and normalised Heps 320%-340% to 282c-295c for the year to end-June, the company said on Tuesday...
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