The two lenders both predict a strong first-half recovery after the devastation caused by the Covid-19 pandemic in 2020
Absa and Standard Bank said they expect a strong earnings growth in their fiscal first-half results to be published later in August in a sign the two lenders are recovering from the unprecedented devastation caused by Covid-19 in 2020.
Standard Bank said earnings per share for the six months to end-June are expected to be between 190% and 210% higher than the year-earlier period, when earnings came in at 236.7c a share. In the first half of 2021, Standard Bank forecasts EPS to be between 686.4c and 733.8c a share, according to a trading update published on Friday...If you have already registered or subscribed, please sign in to continue.
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