PSG Konsult notes 8% rise in profit despite tough year

PSG Konsult notes 8% rise in profit despite tough year

2021-04-15 04:12:00 PM

PSG Konsult notes 8% rise in profit despite tough year

PSG Konsult's wealth and insurance units helped to offset decline in profit from asset management

15 April 2021 - 14:26Garth TheunissenPSG Konsult, the listed investment and insurance holding company in which PSG group holds about 60%, posted an 8% rise in profit in its last fiscal year as its wealth and insurance divisions offset a decline in asset management earnings.

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The company’s attributable earnings rose 8% from the previous year to R697.69m in the 12 months to end-February, according to a Sens statement on Thursday. That translated into attributable per share earnings of 52.3c, which was 8% higher than the 48.2c reported the previous year. The group's total core income rose 4% to R5.27bn...

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