Investec warns of profit drop amid market turmoil
The group says market conditions have been challenging, and expects the coronavirus to further weigh on its fourth-quarter performance
20 March 2020 - 10:26
Financial services group Investec, which recently spun off and separately listed its asset management arm, warned difficult market conditions could result in profit almost halving in its year to end-March.
Headline earnings per share (Heps) is expected to fall by between 41% and 46% from the prior year, with Investec expecting the coronavirus to weigh on its fourth quarter performance...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.