Business
REM: Headline earnings fell 20% and major impairments drove net profit sharply lower
REM: Headline earnings fell 20% and major impairments drove net profit sharply lower
About this update from Remgro Limited
Headline earnings per share dropped 18.8% to 1,018 cents, with headline earnings down 20% due to impairments and weaker investee performance. Intrinsic net asset value per share rose 1%, while the share price trades at a 45.8% discount to INAV.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.