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Categories: discovery group

Discovery Group Chief Executive, Adrian Gore, delivered the Group’s results for the six months ended 31 December 2019 today in Sandton.

Discovery delivers robust half-year results with elevated investment in strategic new initiatives

The Group highlighted results for the period ended 31 December 2019, characterised by substantial investment in new initiatives and a strong performance from the core businesses with the exception of VitalityLife: • Net asset value increased by R1 598 million • Total new business API increased 17% to R11 116 million • Normalised profit from operations decreased 7% to R3 551 million