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Sasfin sees lower earnings   NAV DATE SASFIN INTERNATIONAL FUND $100.35 22/07/10 SASFIN SEES LOWER EARNINGS   Wednesday, 23 December 2009     Sasfin sees lower earnings December 23, 2009   Sasfin Holdings said Wednesday that for the year ending December 2009, its earnings per share and headline earnings per share are expected to be between 25 percent and 45 percent lower when compared to the previously reported corresponding period. This is due to the dilutory effect of the group's increased capital base following the capital injection by the International Financial Corporation as announced on 5 October 2009. Its headline earnings for the period will be between 20 percent to 40 percent lower when compared with the previous corresponding period in 2008, primarily driven by lower business volumes, increased credit impairments and lower private equity investment gains due to the deterioration in economic conditions, as well as increased overheads incurred in infrastructural development in anticipation of increased activity and regulation, the company said.   The company's results will be published on or about 5 March 2010. - I-Net Bridge   By : www.businessreport.co.za Share Performance Click to View Graphs Search   Latest News 27 May 2010 Mercantile Bank, Sasfin Holdings... Read more 22 April 2010 Lenders must be ready to take up... Read more Member Login Manage ABI Users Manage ABI Leads Manage ABI Points Manage ABI Points (manual) Allocate ABI Points Quarter Setup Welcome Page   Morning Note   Select Link Home Add Lead
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