Investec plc (INVP.L), a specialist bank and asset manager, said its three-month operating profit, excluding goodwill, acquired intangibles, non-operating items and taxation and after non-controlling interests, is in line with the prior year.
In the three-month period to June 30, 2012, the group's South African operations have performed strongly in home currency. Sterling results have been negatively impacted by the 17% depreciation of the average Rand: Sterling exchange rate from 11.02 in the prior period to 12.85 in the current period.
The Group, with nearly 9.0 billion pounds of cash and near cash available to support its activities, would be holding a pre-close briefing on September 13, 2012.
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by RTT Staff Writer
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