Investec operating profit surpassed the £1 billion (R24 billion) mark for the first time.
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GUEST – Cumesh Moodliar - Investec SA CEO
Investec will pay a record dividend for the third year after the bank’s operating profit surpassed the £1 billion (R24 billion) mark for the first time.
The specialist lender with operations in the UK and South Africa announced on Thursday morning that its “pre-provisioned” adjusted operating profit rose 7.8% to over £1.04 billion (R25.1 billion) for the financial year ended 31 March 2025.
Headline earnings per share (Heps) retreated marginally to 72.6 pence from 72.9 pence, while return on equity eased to 13.9% from 14.6%, but remained within the bank’s 13%-17% target range, it said.
Investec will pay a record dividend for the third year after the bank’s operating profit surpassed the £1 billion (R24 billion) mark for the first time.
The specialist lender with operations in the UK and South Africa announced on Thursday morning that its “pre-provisioned” adjusted operating profit rose 7.8% to over £1.04 billion (R25.1 billion) for the financial year ended 31 March 2025.
Headline earnings per share (Heps) retreated marginally to 72.6 pence from 72.9 pence, while return on equity eased to 13.9% from 14.6%, but remained within the bank’s 13%-17% target range, it said.