Discovery Bank: So many moving parts
Discovery’s Covid hit has been lighter than feared, but the bank’s slow growth and complex one-offs make it a tricky call
24 September 2020 - 05:00
Just to confuse investors, Discovery has announced two very different levels of profit in the year to June 2020.
What it calls normalised headline earnings have fallen only 26%, to R3.75bn. Actual headline earnings, on the other hand, have plunged a more precipitous 94%, to R296m...
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