Latest Breaking News On - Discovery board - Page 3 : comparemela.com

Discovery shares stumble as Covid hits bottom line Discovery achieved the following results for the six months ended 31 December 2020: Net asset value increased by R582m Total new business API increased 8% to R10 920m Normalised profit from operations increased 19% to R4 507m Profit for the period decreased 10% to R1 875m Gross income of the Group increased 9% to R34 936m Headline earnings per share decreased 10% to 280.3 cents per share Earnings per share decreased 10% to 280.2 cents per share Diluted Embedded value per share decreased 2% to R108.96 per share Due to the uncertain and potentially volatile economic environment caused by the Covid-19 pandemic, Discovery has not declared an interim ordinary share dividend (2019: interim ordinary dividend of 101 cents per share). The reintroduction of dividends will be considered when appropriate.

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