PSG earnings rise as wealth business shines
The company behind the earnings increase is Namibia's PSG Financial Services, not the French football club of the same name. Recurring headline earnings rose 4% to R754.5 million for the six months ending in August. The group said growth in its wealth business offset declines in insurance and asset management. It also increased its interim dividend by 10%, raising the payment from 20 cents to 22 cents per share. The result combines stronger recurring income with a larger payout for shareholders, even though performance across some financial divisions weakened. The figures were reported by The Namibian from the company's published results.
PSG Financial Services increased recurring headline earnings by 4% to R754.5 million in the six months to August, despite declines in its insurance and asset management businesses. The group also increased its interim dividend by 10% to 22 cents per share, up from 20 cents in the same period last year. PSG says the results […] The post PSG earnings rise as wealth business shines appeared first on The Namibian .