Investec expects earnings per share to surge as much as 106%
CEO Fani Titi says the bank has no major exposure to Russia or Ukraine, but continues to monitor whether clients are on Western sanctions lists
18 March 2022 - 12:02
Investec has advised shareholders to expect a significant jump in earnings when it publishes its annual results in April, with the niche bank saying its operating performance has risen above pre-pandemic levels on the back of a global economic recovery.
The private bank and wealth manager, which is listed in Johannesburg and London, published a pre-close trading update on Friday, expecting adjusted pretax operating profit for the year to end-March 2022 to be between £642m (R12.6bn) and £683m. That compares with the £377.6m reported the previous financial year...
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.