South Africa's Barclays Africa boosts annual profit by 10 percent
Reuters
Published Mar 01, 2016 06:00
Updated Mar 01, 2016 06:10
South Africa's Barclays Africa boosts annual profit by 10 percent
JOHANNESBURG (Reuters) - South Africa's No.3 lender Barclays Africa (J:BGAJ) reported on Tuesday a 10 percent rise in annual profit, helped partly by a stronger showing from its cross-border business.
The pan-African lender, majority owned by eponymous British bank (L:BARC), said diluted headline EPS totalled 1,686 cents in the year to end December compared with 1,537 cents a year earlier.
Headline EPS is the main profit measure in South Africa that strips out certain one-off items.
The British lender, Barclays Plc, is expected to release details of a strategic review that is widely expected to include the sale of its 62.3 percent stake in Barclays Africa.
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Written By: Reuters
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