Strong rand takes shine off Peregrine earnings



June 14, 2018 5:44 am Published by Leave your thoughts

A strong rand has taken some of the gloss off financial services group Peregrine’s FY numbers. That’s with almost every business in the group benefitting from a weaker rand, with 42% of the group’s operating earnings now emanating directly from offshore entities. So, while Group headline earnings rose 6% to R504m and headline earnings per ordinary share was up 4% to 238.5c – adjusting for the effect of the stronger rand, headline earnings at an attributable operating level would have grown by 13%. Robert Katz, Group CEO joined us in studio.

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