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| The Peregrine group has produced an excellent set of results for
the six months under review, increasing headline earnings per
share by 116% to 127.0 cents per share. Strong growth across
all divisions is the highlight of this set of results. |
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Group assets under management now exceed R40 billion |
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Profit from ordinary activities up 113% to R418.3 million |
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Headline earnings up 124% to R253.7 million |
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Headline earnings per share up 116% to 127.0 cents |
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| Operating highlights |
| Citadel ups profit 61% |
| Private-client wealth manager, Citadel, produced a 61% increase in profit from ordinary activities to R101.2 million. Strong investment performance saw Citadel’s asset base rise to just under R14 billion with the business accruing a steady stream of performance fees over the period. |
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| Acquisition |
| Peregrine to acquire Stenham |
| During the period under review, the group announced the conclusion of a non-binding heads of agreement in terms of which Peregrine will, subject to entering into formal acquisition and shareholder agreements and the fulfilment of certain conditions, acquire at least 65% of the Stenham group. |
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