Alexander Forbes posts positive results following relisting
Diversified financial services group, Alexander Forbes, said operating results for the year ending 31 March remained robust, despite significant corporate activity within the group, including its relisting on the JSE and an internal restructure. After seven years under the ownership of private equity firms, including Actis and Ethos, and a BEE consortium under the Shanduka umbrella, Alexander Forbes relisted on the JSE in July 2014. Its private investors delisted it in 2007. Reporting full- year financial results for the first time since listing, Alexander Forbes increased operating income from continuing operations by 12 per cent to R4.9 billion. Profit from continuing operations before non-trading and capital items increased by 10 per cent to R1.1 billion.