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COMPANIES
Investec profit up 54%
Posted Fri, 19 May 2006

Investec on Thursday reported a 54 percent jump in net profit to £230-million for the year ended March 2006.

Adjusted earnings per share increased 56 percent to 209.5 pence a share, while a final dividend of 91 pence a share was declared, up 36 percent on the previous year.

The financial services group trumped its 20 percent return on equity target, reaching 25.5 percent for the period under review.

A refocusing of its business and buoyant market conditions over the past year helped Investec achieve these solid results, Business Day noted on Friday.

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