Investec reports marginal rise in full-year earnings
Investec reported headline earnings of 73.1 pence per share. Lending growth offset lower interest rates while revenue rose 4.2 percent to 2.3 billion pounds.
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INVESTEC PLC reported headline earnings per share rose to 73.1 pence for the year ending March 31. This marginal increase from 72.6 pence follows a 4.2% revenue climb to £2.3 billion despite falling interest rates. Growth in lending and client acquisition in South Africa and the United Kingdom offset declining net interest income.
