South Africa's Investec reports marginal rise in full-year earnings
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Investec reported a marginal rise in full-year earnings, with headline earnings per share increasing to 73.1 pence. Pre-provision adjusted operating profit rose 3.5% to £1.1 billion, supported by a 4.2% revenue growth to £2.3 billion. Lending growth was 9.6%, while net interest income fell 1.6%. The credit loss ratio improved to 36 basis points, and a final dividend of 21 pence per share was announced.
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