ATLAS Mara Limited Trading Update (4512J)
March 29 2018 - 7:58AM
UK Regulatory
TIDMATMA
RNS Number : 4512J
ATLAS Mara Limited
29 March 2018
29 March 2018
Trading Update
Atlas Mara Limited (the "Company" or the "Group"), the
sub-Saharan Africa banking group, today provides the following
trading update ahead of the announcement of the Group's financial
year-end results for 31 December 2017.
The Board expects profit after tax for the year to significantly
exceed the current market expectations and guidance previously
stating that "we are targeting reported earnings for 2017 to be
more than double the level achieved in 2016" of $8.4 million.
Profit after tax of around $40 million, with projected earnings per
share of $0.35.
The cost savings achieved for the year ended 31 December 2017 is
expected to be in line with the levels previously communicated to
the market.
We will provide a more detailed update on trading in the final
results for the year ending 31 December 2017, which are expected to
be released on 30 April 2018.
Contact details
Investors:
Kojo Dufu, +1 212 883 4330
Media:
Teneo Blue Rubicon, +44 (20) 7260 2700
Anthony Silverman
About Atlas Mara
Atlas Mara Limited (LON: ATMA) is a financial services
institution listed on the London Stock Exchange. Its vision is to
create sub-Saharan Africa's premier financial services institution
through organic and inorganic growth by combining the best of
global institutional knowledge with extensive local insights. With
a presence in seven sub-Saharan countries, Atlas Mara aims to be a
positive disruptive force in the markets in which we operate by
leveraging technology to provide innovative and differentiated
product offerings, excellent customer service and accelerate
financial inclusion in the countries in which the Company operates.
For more information, visit www.atlasmara.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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March 29, 2018 08:58 ET (12:58 GMT)
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