BRIEF-Momentum Metropolitan Posts FY HEPS Of 71.3 Cents

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BRIEF-Momentum Metropolitan Posts FY HEPS Of 71.3 Cents
Credit: © Reuters.

Sept 9 (Reuters) - Momentum Metropolitan Holdings Ltd MTMJ.J :

* MOMENTUM METROPOLITAN HOLDINGS LTD - FINAL ORDINARY DIVIDEND HAS NOT BEEN DECLARED IN RESPECT OF 12 MONTHS ENDED 30 JUNE 2020

* MOMENTUM METROPOLITAN HOLDINGS LTD - FY HEADLINE EARNINGS PER SHARE (CENTS) 71.3

* MOMENTUM METROPOLITAN HOLDINGS LTD - RETIREMENT OF JJ NJEKE AND APPOINTMENT OF SELLO MOLOKO AS CHAIRMAN OF MOMENTUM

* MOMENTUM METROPOLITAN - WE WILL MOST LIKELY NOT ACHIEVE RESET AND GROW TARGET OF NORMALISED HEADLINE EARNINGS BETWEEN R3.6 BILLION TO R4.0 BILLION IN F2021

* MOMENTUM METROPOLITAN - GIVEN UNCERTAINTY OF CURRENT SITUATION, WILL BE SPECULATIVE TO PROVIDE FIRM GUIDANCE ON FINANCIAL RESULTS OVER NEXT YEAR

* MOMENTUM - VALUE OF NEW BUSINESS NEGATIVELY IMPACTED BY ADDITIONAL COSTS INCURRED IN DISTRIBUTION CHANNELS TO SUPPORT STAFF, BUSINESS PARTNERS

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