News Formal

Investec’s half-year headline earnings surge almost 30%

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Wealth, investment and financial services giant Investec delivered a healthy set of half-year results, with headline earnings per share (Heps) surging 29.6%, to 32 (UK) pence per share or 663 cents per share. Moneyweb InvestecResults NtandoThukwana

Wealth, investment and financial services giant Investec delivered a healthy set of half-year results on Thursday, with headline earnings per share surging 29.6%, to 32 pence per share or 663 cents per share in South African currency terms. Heps is a key profit measure for most corporates in SA. The surge in profit for Investec came as the group dished out more loans and benefitted from higher interest rates.

5bn “The income in our wealth and investment businesses, however, was negatively impacted by the effects of the market sell-off on average funds under management,” noted Titi. For its South African wealth and investment unit, Investec expanded global investment offerings during the reporting period, recording discretionary and annuity net inflows of R2.1 billion. Adjusted operating profit was up 7.6% to R300.7 million.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 5. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

WATCH: Market ReportBusiness Day TV talks to Graeme Franck from PSG Wealth Sandton Grayston
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »