skip to content

Interim Results

Investec operating profits up

17 November 2016 08:11

Investec reports a resilient first half with continued target market penetration reflected in growth in key earnings drivers and client driven revenue lines despite high levels of macro uncertainty in its key operating geographies.

Statutory operating profit before goodwill, acquired intangibles, non-operating items and taxation and after other non-controlling interests ('operating profit') increased 0.7% to £281.4 million (2015: £279.4 million) - an increase of 1.6% on a currency neutral basis.

Statutory adjusted earnings per share (EPS) before goodwill, acquired intangibles and non-operating items increased 1.8% from 22.3 pence to 22.7 pence - an increase of 2.2% on a currency neutral basis.

Ongoing operating profit decreased 0.2% to £314.5million (2015: £315.0 million) - an increase of 0.6% on a currency neutral basis.

Ongoing adjusted EPS before goodwill, acquired intangibles and non-operating items increased 0.8% from 25.5 pence to 25.7 pence - an increase of 1.2% on a currency neutral basis.

Recurring income as a percentage of total operating income amounted to 72.4% (2015: 71.6%).

The annualised credit loss charge as a percentage of average gross core loans and advances amounted to 0.19% (2015: 0.22%), with impairments increasing marginally.

Third party assets under management increased 16.5% to £141.8 billion (31 March 2016: £121.7billion) - an increase of 10.3% on a currency neutral basis.

Customer accounts (deposits) increased 17.7% to £28.3 billion (31 March 2016: £24.0 billion) - an increase of 7.3% on a currency neutral basis.

Core loans and advances increased 16.1% to £20.4 billion (31 March 2016: £17.5 billion) - an increase of 4.0% on a currency neutral basis.

At 8:11am: (LON:INVP) Investec PLC share price was +13.75p at 514.25p

Story provided by StockMarketWire.com

Related Company: INVP

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.