Clientele forecasts 149% earnings growth following acquisition

Clientele Limited projects earnings per share to rise 129% to 149%, reaching 224.88 to 244.56 cents from 98.39 cents. Headline earnings per share is anticipated to increase 39% to 59%.

The forecasts follow first-time consolidation of 1Life Insurance Limited. A R403 million bargain purchase gain from the 1Life acquisition significantly impacted earnings.