Discovery flags higher normalised profit for interim results
The markets in which the private health insurer operates were affected by macroeconomic volatility and central bank rate hikes
17 February 2023 - 12:43
SA’s largest private health insurer, Discovery, expects normalised profit from operations to rise at least one-fifth when it releases its half-year results next week.
The company, valued at R98bn on the JSE, said in a statement that normalised profit from operations for the six months ended December will rise 20%-25% while normalised headline earnings per share (Heps), a common profit measure in SA that excludes certain items, will jump 27%-32% to 555.9c-577.8c...
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