20th May 2021 09:38
(Alliance News) - Investec PLC on Thursday said it expects earnings for its recently ended financial year to come in ahead of prior guidance.
For the year ended March 31, excluding discontinued operations the Anglo-South African asset manager expects adjusted earnings per share to be at 28.9 pence, ahead of earlier guidance at 24p to 27p, but down 15% from 33.9p the prior year.
Basic earnings per share is set to be 25.2 pence, above prior expectations of 19.7p to 22.5p, and reflects a 44% rise from 17.5p. Headline earnings per share meanwhile is anticipated to reach 26.6 pence, exceeding the guidance range of 19.5p and 22.3p, and will be up 24% from 21.5p the prior year.
Investec will publish its annual results on Friday.
Shares in Investec were up 1.2% at 285.60 pence on Thursday in London. In Johannesburg, its 'Ltd' shares were up 1.8% at ZAR54.37, and its 'PLC' shares 2.1% higher at ZAR56.96.
By Dayo Laniyan; [email protected]
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