Specialist bank and asset manager, Investec (INVP.L), in its pre-close briefing statement, said it expects operating profit for the year ending March 31, 2013, to be about 20-23 percent ahead of the prior year, with 3-4 percent growth in revenues, net of depreciation on operating leased assets.
Adjusted earnings per share for the year is expected to be 14-17 percent higher in pounds, while it is expected to be 30-34 percent higher in Rands.
The group's asset management and wealth management businesses had strong net inflows of over 4 billion pounds, with results estimated to be ahead of the prior year, while the specialist banking business in South Africa is expected to report a sound increase in operating profit in Rand terms, benefiting from growth in revenue and cost containment.
The Australian Specialist Banking business performed significantly ahead of the prior year mainly as a result of a substantial decrease in impairments. The UK Specialist Banking business is expected to report results marginally ahead of the prior year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.