Absa suggests profit growth of at least a quarter amid pick-up in loans
HEPS could rise as much as 32% in the bank's half-year, having said previously that lending to customers had picked up
03 August 2022 - 10:28
Absa, SA’s fourth biggest bank by market value, has flagged profit growth of at least a quarter for its half-year to end-June, having indicated that easing Covid-19 restrictions proved supportive for loan growth.
Headline earnings per share (HEPS) were expected to rise between 27% and 32% from 986.2c previously, the lender said in a trading update on Wednesday, with this measure of profit set to be at least 28% above pre-pandemic levels...
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