Coronation Fund Managers Limited is a South African investment-led, owner-managed business. The company is an active investment manager that focuses on fund management for both institutional and retail client markets.
Coronation reported its financial results for the period ended 30 September 2019. The company had a tough year with revenue down by 14% to R3.29bn (FY18: R3.84bn), directly related to an average net outflow of R43.9bn since the beginning of the financial year.
Despite lower profits, the company managed to pay out dividends well over R1bn, which amounted to a final dividend of 176 cents per share.
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