Analysts shrug off Capprec’s profit drop
Net profit dipped 12.8%, mostly due to a surge in operating expenses as the group expands the capacity of its subsidiaries
10 June 2019 - 18:52
A fall in profit, which sent Capital Appreciation (Capprec) down the most in three months, could just be a blip as the company operates in one of the fastest-growing areas in the SA economy, say analysts.
On Monday the investment holding fintech group in which Patrice Motsepe’s investment vehicle African Rainbow Capital (ARC) owns a minority stake, reported that its net profit for the year ended in March dipped 12.8% to R124.6m, mostly due to a surge in operating expenses.
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