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MMI shares rise after profits rise

March 6 2013 at 11:58am
By Reuters

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CorporateBusiness

Johannesburg - Shares in MMI Holdings Ltd rise more than 1 percent as the South African insurer boosts both first-half earnings and its dividend by 16 percent as a rally in equity markets offset fragile consumer confidence.

MMI Holdings, South Africa's fourth-largest life and health insurer, is up 1.1 percent at 23 rand.

The company reported said core headline earnings per share totalled 94 cents in the six months to end-December compared with 81 cents a year earlier.

Interim dividend at 51 cents per share was up from 44 cents a year earlier. - Reuters


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