BRIEF-Alexander Forbes Posts HY HEPS 16.7 Cents

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BRIEF-Alexander Forbes Posts HY HEPS 16.7 Cents
Credit: © Reuters.

Dec 11 (Reuters) - Alexander Forbes Group Holdings Ltd AFHJ.J :

* AN INTERIM DIVIDEND OF 18 CENTS PER SHARE HAS BEEN DECLARED

* HY HEADLINE EARNINGS PER SHARE 16.7 CENTS

* CONCLUDED A REVIEW OF STRATEGIC ROADMAP AND RELATED PROJECTS WITHIN IT PROGRAMME

* HY NORMALISED HEPS 19.2 CENTS

* REVIEW RESULTED IN TERMINATION OF CONTRACT WITH PRIMARY IMPLEMENTATION PARTNER

* REVIEW RESULTED IN R287 MILLION IMPAIRMENT OF CAPITALISED SOFTWARE DEVELOPMENT ASSETS

* H2 EXPECTED TO BRING ADDITIONAL CHALLENGES INCLUDING IMPACT OF CLIENT LOSSES EXPERIENCED IN H1 AND ONGOING COMPETITIVE PRESSURE

* HY TOTAL REVENUE 3,397 MILLION RAND VERSUS 3,208 MILLION RAND

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