Africa’s largest lender by assets sees its interim headline earnings per share grow by one-fifth
Africa’s largest lender by assets, Standard Bank, expects a jump in interim profit and revised its guidance upwards for its full 2023 financial year following higher net interest income and non-interest revenue growth.
The company, valued at about R291.2bn on the JSE, said in a voluntary update for the six months to end-June that its foresees headline earnings per share, a common profit measure in SA that excludes certain items, and earnings per share to increase by more than one-fifth from 936.2c and 961.4c, respectively, compared to the same period last year...
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