News Formal

COMPANIES: Absa expects load shedding diesel costs of between R200m and R350m in the next year

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 84%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Absa Group reported a rise of 13% in normalised headline earnings of R21-billion for the 2022 financial year, driven by significantly higher pre-provision profit which, in turn, was driven by very strong revenue growth of 15% to just under R100-billion.

Rautenbach says credit cards grew 13%, reflecting strong new account sales together with increased limits and utilisations.

Absa was among the first to go to market with Google Wallet and the rollout of the Abby chatbot; Absa ID was also effective, with over 2 million enrollments in the first year. In the product solutions cluster , headline earnings grew 26% to R3.5-billion, driven by the recovery in the insurance business, while the lending businesses maintained balance sheet growth momentum, notwithstanding the impact of the weaker macro environment and supply chain challenges.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker