Barclays Africa reports higher annual profit, aided by fall in impairments [Reuters (UK)]
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Source: Reuters
Barclays Africa reports higher annual profit, aided by fall in impairments | Reuters Reuters Staff 1 Min Read March 1 (Reuters) - Barclays Africa Group, South Africa’s No.2 lender by market value, reported a 4 percent rise in annual profit on Thursday, thanks to a substantial decline in impairments. Normalised diluted headline EPS, the primary measure of profit in South Africa that strips out one-off items, came in at 1,837.7 cents in the year ended December compared with 1,769.4 a year earlier. Credit impairments fell 20 percent to 7.0 billion rand, Barclays Africa said. (Reporting by Tiisetso Motsoeneng in Johannesburg and Esha Vaish in Bengaluru Editing by Shri Navaratnam) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved.
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