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WATCH: How the divorce from Barclays weighed on Absa’s earnings
07 August 2018 - 08:28
Absa released its first set of interim results since its split from Barclays Plc, and the separation fee has weighed on its overall earnings. Revenue grew 3%, but operating expenses climbed 8% and headline earnings per share (HEPS) were down 4%. But the bank has declared an interim dividend of R8.78, an increase of 4%. Absa financial director Jason Quinn spoke to Business Day TV about the half-year results and provided some added details to the numbers.
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