MMI Holdings: Headline earnings to fall by up to 30%

MMI HOLDINGS’ interim headline earnings would drop as much as 30 percent following the impact of investment markets, the financial services group said yesterday. MMI said it saw basic and diluted headline earnings per share at between 80 cents and 95c for the six months to December. Core headline earnings, which MMI regards as a good measure of its longer-term operational performance, would probably increase by as much as 15 percent to a cap of 125c per share, the company said. The share closed 1.92 percent lower on the JSE yesterday at R32.69. – Reuters