Coronation slashes dividend as asset outflows dent profits
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Asset manager, Coronation released its interim results on Tuesday reporting a 22% decline in revenue fueled by a drop in average assets under management during the period.
The combined effect of this leading to a 26% plunge in earnings and dividends, the group however expects a better second half.Business Day TV caught up with Coronation CEO Anton Pillay to talk about the results
The combined effect of this leading to a 26% plunge in earnings and dividends, the group however expects a better second half.Business Day TV caught up with Coronation CEO Anton Pillay to talk about the results