Coronation’s profits hurt by outflows

PUBLISHED: Tue, 21 May 2019 15:25:18 GMT

Coronation’s interim results have shares tumbling after the asset manager reported a tough financial climate. Coronation reported an 8 per cent decrease in Assets under management for the 6 month period. Diluted headline earnings were down 26 per cent per share since March 2018. Coronation CEO, Anton Pillay joins CNBC Africa to unpack the numbers.

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