March 11, 2020 / 5:53 AM / 20 days ago

S.Africa's Absa reports 3% rise in full-year profit

JOHANNESBURG, March 11 (Reuters) - South African lender Absa on Wednesday reported a 3% increase in full-year profits, but warned its target for a return on equity of 18% to 20% would likely take longer to achieve.

The bank said its headline earnings per share - the main profit measure in South Africa - for the year to Dec. 31 stood at 1,750.1 cents ($1.10), verses 1,703.7 cents a year earlier. ($1 = 15.9663 rand) (Reporting by Emma Rumney Editing by Shri Navaratnam)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below