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South Africa's Investec reports 11.8 pct rise in H1 op profit
November 16, 2017 / 7:31 AM / a month ago

South Africa's Investec reports 11.8 pct rise in H1 op profit

Nov 15 (Reuters) - South Africa’s Investec Plc reported an 11.8 percent rise in first-half operating profit on Thursday fuelled by strength at its top businesses. Investec, focused mainly on private banking and asset management, reported operating profit of 314.6 million pounds ($413.79 million) in the six months to September 30 up from 281.4 million.

Net interest income rose 16 percent to 364.4 million pounds, the company said in a statement.

$1 = 0.7603 pounds Reporting by Hanna Paul in Bengaluru; editing by Jason Neely

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