S.African lender FirstRand reports 15% rise in interim profit

Kitco Media
By Reuters
Published:
Updated:
Reuters
JOHANNESBURG, March 2 (Reuters) - South African lender FirstRand Ltd , one of Africa's biggest banks, on Thursday reported a 15% rise in interim profit as it continued to benefit from a high interest rate environment and boost in economic activity as COVID-19 waned. Its headline earnings per share, a profit measure widely used in South Africa, was at 322.7 South African cents for the half year that ended Dec. 31, up from 281.4 cents posted in the same period a year ago. It declared a dividend of 189 cents per share.


(Reporting by Promit Mukherjee; Editing by Muralikumar Anantharaman)

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