Financial Statements

The market conditions under which financial services companies and its clients operated during the first half of the 2012 financial year were characterised by a moderate improvement in economic growth, stable interest rates and general uncertainty and risk aversion mainly due to deteriorating European sovereign debt. PSG Konsult has returned growth in headline earnings of 14.1% for the 6 month period ended 31 August 2011 (applying predecessor accounting as per the Group's accounting policy).

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 16.5% to R675.3 million.
• The Group's headline earnings increased by 14.1% to R63.2 million (2010: R55.3 million).
• Headline earnings per share increased by 14.1% to 5.9 cents per share.
• Adjusted headline earnings per share increased by 16.0% (adjusted for impact of amortisation) to 6.9 cents per share.
• Funds under administration increased to R120.9 billion (2010: R101.8 billion).
• Short-term premiums increased to R1,550 million (2010: R1,450 million) on an annualized basis.

An interim dividend of 3.0 cents per share (2010: 2.8 cents per share) was declared for the period ended 31 August 2011.

2012

• Summarised Interim Financial Results 2012
• Interim Results 2012

2011

• Annual Report 2011
• Summarised financial results 2011
• Interim Results 2011

2010

• Annual Report 2010
• Reviewed Financial Results 2010
• Interim Results 2010

2009

• Annual Report 2009
• Reviewed Financial Results 2009
• Interim Results 2009

2008

• Annual Report 2008
• Provisional Financial Results 2008
• Interim Results 2008

2007

• Annual Report 2007
• Provisional Financial Results 2007
• Interim Results 2007

2006

• Annual Report 2006

 

To obtain a hard copy, contact Wilna Calitz at wilna@psgkonsult.co.za