Thursday May 15, 08:03 AM
Investec FY pretax up 16.75 pct; good SAfrica, Australia results offset UK
LONDON (Thomson Financial) - Specialist banking group Investec Plc (LSE: INVP.L - news) . reported a 16.75 percent rise in its full-year pretax profit, helped by a 15.2 percent rise in its pretax operating profit.
The company posted a pretax profit of 547.76 million pounds for the year to March 31, 2008, from 469.15 million pounds earlier. Its pretax operating profit rose to 537.67 million pounds for the period from 466.6 million pounds.
It said its full-year pretax operating profit was marginally down as growth in its UK businesses was hit by principal finance writedowns.
Investec said its South African and Australian businesses have more than compensated for its UK performance, which was affected by difficult credit market conditions. It added that its South African and Australian businesses have enabled it to continue to grow earnings.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
