Sygnia declares final dividend as profit jumps almost a fifth
Even so, assets under management and administration fall 3.8% to R285.1bn thanks to volatile markets
05 December 2022 - 15:30
UPDATED 05 December 2022 - 17:37
Sygnia, the asset manager cofounded by Magda Wierzycka, has declared a final dividend after reporting that its after-tax profit for the financial year rose by almost a fifth despite difficult operating conditions brought on by volatile financial markets.
The Cape Town-headquartered investment firm said in a stock exchange filing on Monday that profit after tax for the year to end-September rose 19.3% to R287.4m, from R240.9m the previous year. Sygnia’s revenue climbed 9.7% to R808.9m while headline earnings per share, a profit measure that strips out one-off items, rose 12.1% to 191.3c. ..
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