FBD raises EPS projection by 10%

Insurance firm FBD Holdings is confident of delivering earnings per share of between 155 cents and 165 cents per share, a 10% rise on its previous guidance, the firm has said in its interim management statement.

Profit after tax is ahead of expectations and also above year-ago levels on the back of a positive move in its investments and the sale of land. FBD made a profit of €4.4m following the sale of land tied to a secured loan.

There are €5.2m of secured loans remaining on the group’s balance sheet.