S.Africa's Sanlam reports 24% rise in full-year profit

  • Reuters
  • Stock Market News
S.Africa's Sanlam reports 24% rise in full-year profit
Credit: © Reuters.

JOHANNESBURG, March 11 (Reuters) - South Africa's Sanlam SLMJ.J reported a 24% rise in full-year profit on Thursday, in the middle of its forecast range of 19-29%, mainly thanks to the absence of a hefty one-off charge incurred in 2019.

The country's largest insurer said its headline earnings per share - the main profit measure in South Africa - stood at 448.5 cents ($0.2979) in the year to Dec. 31, versus 361.8 cents a year earlier.

($1 = 15.0566 rand )

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