Absa Group Half-year Net Earnings Drop 82% Due to Covid-19 Pandemic
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A company's half-year net earnings have dropped 82% due to the covid-19 pandemic. However, it is unclear which company experienced this decline, as reports mention both Absa Group and CIC Insurance in relation to an 82% profit drop. The reason for the decline in one case is attributed to the pandemic, while in the other it is attributed to underwriting issues.