Sasfin Holdings Limited Announces Earnings Guidance for the Three Months Ended 30 September 2020
November 26, 2020 at 08:31 am
Sasfin Holdings Limited announced earnings guidance for the three months ended 30 September 2020. Sasfin continues to experience lower lending volumes and high arrears. Positively, Sasfin has experienced income growth due to enhanced margins in Sasfin Bank and continued growth in Sasfin Wealth as well as cost reduction. The combination of higher income, lower costs and increased impairments has resulted in the Group returning to profitability for the three months ending 30 September 2020.