Investec reports ‘solid’ first half results
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GUEST – Nishlan Samujh – Investec Group Finance Director
Investec will pay its highest interim dividend on record, after the bank’s profit advanced during the six months to September 30. The specialist lender with operations in the UK and South Africa posted a 7.6% jump in adjusted operating profit to £475 million ($600 million). Headline earnings per share dropped marginally to 36.6 pence, while return on equity also retreated to 13.9%, but remained within the bank’s 13%-17% target range, it said Thursday.
Investec will pay its highest interim dividend on record, after the bank’s profit advanced during the six months to September 30. The specialist lender with operations in the UK and South Africa posted a 7.6% jump in adjusted operating profit to £475 million ($600 million). Headline earnings per share dropped marginally to 36.6 pence, while return on equity also retreated to 13.9%, but remained within the bank’s 13%-17% target range, it said Thursday.