Discovery says profit will plunge as low UK interest rates hit VitalityLife
Normalised profit at VitalityLife, which provides insurance to the UK market, is expected to fall 145% in the six months to end-December
17 February 2020 - 14:22
SA’s largest private health insurer Discovery said on Monday normalised profit from operations could fall by double digits in its six months to end-December, as its VitalityLife business grapples with low interest rates in the UK.
Normalised profit from operations could fall by as much as 10% to R3.41bn, with normalised profit at VitalityLife plunging 145% during the period, the company said in a trading update...
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