Nedbank share price leaps in early trade on forecast profit rise
Banking group expects headline earnings per share to rise up to 28% in half-year to end-June
20 July 2022 - 07:59
UPDATED 20 July 2022 - 15:30
Nedbank's share price outperformed those of its peers early on Wednesday after it flagged profit growth of about a quarter for its half-year to end-June, though this is below prepandemic levels.
Headline earnings per share (HEPS), a widely used measure of profit that strips out impairments and one-off items, are expected to rise 23%-28% to as much as R13.88, the group said in a brief trading update. This is as much as 7.1% below the R14.35 per share, or R6.87bn in headline earnings, for the matching period in 2019...
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