FirstRand expects full-year earnings to fall 20% due to Covid-19
Fallout from the coronavirus and its lockdown has spurred a jump in the bank’s impairments
04 June 2020 - 15:49
FirstRand, Africa’s largest bank by market value, expects full-year earnings to decline by more than 20% as the fallout from the coronavirus pandemic spurs a jump in impairments.
Normalised earnings per share for the 12 months to end-June will be lower than the R4.97 reported a year earlier, it said in a statement on Thursday...
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