Investec’s wealth unit robust

Picture: Siphiwe Sibeko

Picture: Siphiwe Sibeko

Published Nov 17, 2016

Share

Johannesburg - South African financial services group Investec reported a 20-percent rise in half-year profit on Thursday, buoyed by a strong showing at its asset management and wealth arm.

Investec, which is also listed in London, said diluted headline earnings per share (EPS) totalled 23.8 pence in the six months to end September compared with 20 pence a year earlier.

Headline EPS is the main profit measure in South Africa that strips out certain one-off items.

Shares in the company rose 1.9 percent in Johannesburg to R90.15 as of 07h33 GMT, outpacing a 0.6 percent rise in the banking index.

REUTERS

Related Topics: