Nvest Financial Holdings Limited Announces Audited Consolidated Earnings Results for the Year Ended February 28, 2018
May 25, 2018 at 08:35 am EDT
Nvest Financial Holdings Limited announced audited consolidated earnings results for the year ended February 28, 2018. For the full year, the company reported revenue was ZAR 290,942,740 against ZAR 282,066,249 a year ago. Operating profit was ZAR 87,397,991 against ZAR 94,142,699 a year ago. Profit before taxation was ZAR 83,029,616 against ZAR 87,755,699 a year ago. Profit attributable to equity holders of the parent was ZAR 59,046,896 against ZAR 60,978,197 a year ago. Headline earnings per share of 19.66 cents against 18.45 cents a year ago. Net cash from operating activities was ZAR 63,015,219 against ZAR 54,074,394 a year ago. Purchase of property, plant and equipment was ZAR 3,212,602 against ZAR 3,617,844 a year ago. Earnings per share were 19.50 cents compared to 20.14 cents a year ago. Headline earnings per share were 19.66 cents compared to 18.45 cents a year ago. Net asset value per share as at February 28, 2018 was 139.09 cents compared to 129.82 as at February 28, 2017. Headline earnings increased by 6.61% to ZAR 59.53 million compared to ZAR 55.84 million a year ago.