7th Apr 2005 07:08
Investec PLC07 April 2005 Investec plc and Investec Limited ("Investec" or "the group") Trading statement ------------------ Investec to report strong performance for 2005 financial year Outlook positive across all geographies and key business areas for 2006 Investec is currently finalising its results for the year to 31 March 2005,which will be released on 19 May 2005. The group is pleased to report to shareholders that earnings per share (beforeexceptional items and goodwill amortisation) for the year ended 31 March 2005 islikely to be in the range of 135 pence to 143 pence. This compares to the 103.8pence reported for the year ended 31 March 2004. Operating fundamentals continue to show positive trends with a strongperformance from all of key business areas and geographies. The group looksforward to 2006 with confidence. Note:The forecast financial information on which this statement is based has not beenreviewed and reported on by the group's auditors. These disclosures are made interms of paragraph 3.4 (b)(i) of the JSE Securities Exchange South AfricaListings Requirements which requires companies to publish a trading statement assoon as they are satisfied that the results for the period to be reported onnext will differ by at least 20% from the previous corresponding period. For further information please contact: Investor Relations Citigate Dewe RogersonUrsula Munitich Sara Batchelor+44 207 597 5546 +44 207 282 [email protected] About Investec Investec is an international specialist banking group that provides a diverserange of financial products and services to a niche client base in threeprincipal markets, the United Kingdom, South Africa and Australia as wellas certain other countries. The group was established in 1974 and currently hasapproximately 4 200 employees. Investec focuses on delivering distinctive profitable solutions for its clientsin five core areas of activity namely, Private Client Activities, Treasury andSpecialised Finance, Investment Banking, Asset Management and PropertyInvestment Banking and Asset Management. In July 2002 the Investec group implemented a dual listed company structure withlistings on the London and Johannesburg Stock Exchanges. Management and staffown approximately 20% of the equity share capital of the group. At 30 September 2004, total shareholders' funds were £765 million, third partyassets under management were £36 billion and core loans and advances were £5.5billion. The combined group's current market capitalisation is approximately£1.8 billion. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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