BRIEF-MMI Holdings HY Diluted Normalised HEPS Of 105.3 Cents

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BRIEF-MMI Holdings HY Diluted Normalised HEPS Of 105.3 Cents
Credit: © Reuters.

March 8 (Reuters) - MMI Holdings Ltd MMIJ.J :

* UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2018

* HY DILUTED NORMALISED HEADLINE EARNINGS PER SHARE 105.3 CENTS

* HY NEW BUSINESS VOLUMES 28,790 MILLION RAND VERSUS 24,194 MILLION RAND

* POOR EQUITY MARKET PERFORMANCE IN LAST QUARTER OF 2018, MUTED MACRO-ECONOMIC GROWTH MADE FOR CHALLENGING OPERATING ENVIRONMENT OVER HY

* WILL REINSTATE DIVIDEND PAYMENTS, WITH AN INTERIM ORDINARY DIVIDEND OF 35 CENTS PER SHARE

* HILLIE MEYER AGREED TO MAKE HIMSELF AVAILABLE FOR AN ADDITIONAL TWO YEARS, UNTIL JUNE 2023

* EARNINGS TARGET OF BETWEEN R3.6 BILLION AND R4.0 BILLION BY F2021

* IF NEGATIVE MARKET IMPACT FROM LATE 2018 PERSISTS, IT WILL PUT PRESSURE ON EARNINGS IN 2019

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