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NVest Financial Holdings Limited reports increase in revenue

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NVest Financial Holdings Limited has released its unaudited interim results for the six months ended 31 August 2021, with the board declaring a dividend of 5.75 cents per share.

On Tuesday, 2 November 2021, NVest Financial Holdings Limited released its unaudited interim results for the six months ended 31 August 2021, including the interim dividend declaration. The company also notified of the restatement of 31 August 2020 figures, after it was discovered that the prior comparable period income tax calculation for the property services was incorrect.

The company reported that revenue has increased by 7.78 percent from R144 360 015 to R 155 591 024 in August 2021. Operating profit for the company increased by 15.74 percent to R34 421 092 for August 2021. The headline earnings per share are reported to have decreased from 12.66 cents to 9.52 cents per share in August 2021.

Earnings per share reportedly increased by 15.07 percent to 9.70 cents per share, compared to 8.43 cents per share in August 2020. The board also declared an interim dividend of 5.75 cents per share.


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