Adrian Gore on Discovery’s rising profits (and launch of bank before year-end)

(Also read: Billionaire Patrice Motsepe’s ARC to form South Africa’s first black-owned bank)

Discovery’s normalised profits rose by 17% to R8.26 billion in the year ending on 30 June.

Earnings per share were up 16%.

Normalised headline earnings per share increased by 16% to 837.4 cents.

Discovery will pay a dividend of 114 cents per share.

The Money Show’s Bruce Whitfield interviewed Discovery Limited founder and CEO Adrian Gore.

Gore discussed his company’s results.

He also spoke about the bank Discovery is launching “before the end of 2018”.

Listen to the interview in the audio below (and scroll down for quotes from it).

It’s a good time to be building. When the economy turns we’ll be well-positioned…

Adrian Gore, Discovery

We need to give the President some time… We are not changing our plans. We are building and investing…

Adrian Gore, Discovery

We can get the bank up and running this year…

Adrian Gore, Discovery

It [medical inflation] will always be a tough adversary… We’ve got to make sure health-care is affordable and accessible.

Adrian Gore, Discovery

Cancer rates are getting substantially higher…

Adrian Gore, Discovery

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