Financial Statements
The PSG Konsult Group has returned pleasing results for the year under review. The Group's financial indicators listed below,
clearly proves the value of the Group's diversified income streams and its focus on creating sustainable annuity income:
- Turnover, consisting of commission and other operating income, increased by 10.4% to R834.7 million
- Profit before tax increased by 4.1% to R137.8 million
- The Group's headline earnings per share decreased by 7.6% to 12.2 cents per share.
- Decline in headline earnings amounted to 7.7% (mainly as a result of a higher effect tax rate during the financial year).
- Funds under administration increased to R72 billion (2009: R44 billion) – increase largely driven by T-Sec assets added and general market recovery.
- Short-term premiums administered were stable at R1,450 million on an annualized basis.
- The Group achieved stronger results in the second half of the financial year, returning headline earnings of R49.9 million versus R39.5 million for the first six months of the financial year.
2010
2009
2008
2007
2006
To obtain a hard copy, contact Wilna Calitz at wilna@psgkonsult.co.za