Who are they?
Coronation Fund Managers Ltd. is one of Southern
Africa 's most successful third-party fund management companies. It
is a pure fund management business which offers both individual and
institutional investors access to local and global expertise across all asset
classes, including specialist Global Emerging Markets, Africa
and Private Equity units.
Results
Revenue has increased by 11% to R912 million off the
strong revenue base achieved in 2011. This has resulted in a 6% increase in
diluted headline earnings per share to 86.7 cents (March 2011: 81.7 cents).
See below a graph of Coronation's share price since listing in 2004
What does this mean?
EPS is a measure used to determine the portion of a
company’s profit allocated to each outstanding share i.e. (net income - dividends)/average
no. of outstanding shares
Diluted EPS is used to measure the quality of the company’s
earnings if all convertible securities were exercised (convertible preference shares,
debentures, stock options and warrants). Diluted EPS will always be lower than basic
EPS.
Read more on the results at http://www.coronation.com/featurelinks/2012%20Interim%20Results_Paid%20Ad.pdf
Read more on the definitions at http://www.investopedia.com/terms/e/eps.asp#axzz1uvGHbCqy
Sources:
Standard
Bank Securities
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