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November 24, 2008
BEE eats into Abil earnings
Johannesburg - The country's biggest microlender, African Bank Limited Investments (Abil), on Monday reported a 21 percent decline in headline earnings per share (HEPS) after a BEE charge.
HEPS before the BEE charge declined by 6 percent to 252.1 cents. The group said group headline earnings had been impacted by the once-off BEE charge of R291 million, relating to the issue of 11.6 million Abil ordinary shares to the Masonge BEE programme, which were reserved out of the Ellerines purchase consideration.
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Posted by StaffWriter at November 24, 2008 12:55 PM