Investec flags up to 71% drop in interim profit

South African financial services group Investec warned on Friday its half-year profits could fall by up to 71% in the six months to September 30.

It expects its adjusted earnings per share, which reflect profits made in the course of ordinary operations, to be between 8.3 pence ($0.1076) and 10.5 pence, compared to 28.9 pence a year earlier.

Source: moneyweb.co.za