Metropolitan Holdings Ltd - Metropolitan on an eve
MET
MET
Metropolitan Holdings Ltd - Metropolitan on an even keel
Metropolitan Holdings Ltd
(Incorporated in the Republic of South Africa)
Registration number: 2000/031756/06
ISIN: ZAE000050456
JSE Share Code: MET
NSX Share Code: MTD
("Metropolitan")
Metropolitan on an even keel
In Metropolitan"s trading update for the first quarter of 2006, group chief
executive Peter Doyle says that operational changes within the financial
services group exerted downward pressure on retail new business volumes during
the period. In spite of this, the group"s annual recurring premium equivalent
(APE) increased by 4% compared to the first quarter of 2005.
On the corporate business front, APE grew strongly, up 101% on the equivalent
period in 2005.
Doyle confirmed that the group"s health business was showing good growth and
that its international expansion plans were on track. "Our retail business,
while making steady progress, is not yet operating at the desired levels."
end
ISSUED BY Nico Oosthuizen
Manager: investor relations
Metropolitan Holdings Limited
Tel 021 940 6111 or 083 285 7092
DATE 30 May 2006
QUERIES Peter Doyle
Group chief executive
Metropolitan Holdings Limited
Tel 021 940 5681 or 082 880 2690
Preston Speckmann
Group finance director
Metropolitan Holdings Limited
Tel 021 940 6634 or 083 285 6454
Tyrrel Murray
General manager: group finance
Metropolitan Holdings Limited
Tel 021 940 5083 or 082 889 2167
Date: 30/05/2006 02:31:04 PM Produced by the JSE SENS Department
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