Investec PLC (INVP.L) in its interim management statement said net operating income for the the nine month period to 31 December 2009 increased by 1% from last year. Defaults and impairments have continued to increase in line with previous guidance provided. The credit loss charge as a percentage of average gross core loans and advances annualised for the period amounted to 1.1%. These factors resulted in attributable earnings remaining in line with the prior year.
Further, the company said it will continue to leverage off its existing platforms, seeking to create additional operational efficiencies and organic growth opportunities across all the geographies in which it operates.
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