Capricorn Group Limited announced that shareholders are advised that Capricorn Group's profit after tax for the year ended 30 June 2023 is expected to increase by between 24% and 34% over the prior period, while basic earnings per share are expected to increase by between 27% and 37% and headline earnings per share by between 30% and 40% when compared to the prior period. The improved performance is driven by increased net interest income attributable to significantly increased repo rates, loan book growth and prudent cost of funding management during the financial year. Impairment charges are expected to be materially lower than the prior period as a result of pro-active approach to credit risk management coupled with an ease in economic uncertainty when compared to the prior financial year.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
18.27 ZAR | +0.05% | +0.05% | +7.79% |
Mar. 15 | Capricorn Group Limited Announces Board Changes | CI |
Mar. 04 | Capricorn Group Limited Announces Interim Dividend for the Six Months Ended 31 December 2023, Payable on 5 April 2024 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+7.79% | 491M | |
+13.75% | 556B | |
+12.36% | 298B | |
+8.64% | 247B | |
+21.72% | 210B | |
+16.11% | 170B | |
+6.88% | 162B | |
+4.42% | 153B | |
+0.10% | 139B | |
-11.67% | 138B |
- Stock Market
- Equities
- CGP Stock
- News Capricorn Group Limited
- Capricorn Group Limited Provides Earnings Guidance for the Year Ended 30 June 2023