PSG’s portfolio companies help boost its HEPS
Only Zeder, PSG’s agribusiness investor, failed to increase earnings in the half year to August
Investment group PSG reported a 16% increase in recurring headline earnings for the half year to August, as most of its portfolio companies lifted earnings and increased in value. Recurring headline earnings per share (HEPS) rose to 411.8c, and headline earnings were R931m, during the period, boosted by increases of as much as 51% in headline earnings in its portfolio companies, which include banker Capitec, private schools group Curro, and PSG Private Equity. Only Zeder, the agribusiness investor, failed to increase earnings. The sum of the parts value of the group’s investment portfolio also rose from R163.28 a share in February to R228.32 on October 7.
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