{"id":13059,"date":"2012-08-01T13:53:12","date_gmt":"2012-08-01T11:53:12","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-nedbank-posts-24-pct-rise-in-h1-earnings\/"},"modified":"2012-08-01T13:53:12","modified_gmt":"2012-08-01T11:53:12","slug":"update-1-nedbank-posts-24-pct-rise-in-h1-earnings","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-nedbank-posts-24-pct-rise-in-h1-earnings\/","title":{"rendered":"UPDATE 1-Nedbank posts 24 pct rise in H1 earnings"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* H1 diluted HEPS rises to 714 cents from 600 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Non-interest revenue at R8.27 bln from R7.14 bln<\/p>\n<p><span><\/span><\/p>\n<p>* Shares up 25 percent this year<\/p>\n<p> (Adds details)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Aug 1 (Reuters) &#8211; South Africa&#8217;s Nedbank Group<br \/>\n reported an expected 24 percent jump in first-half<br \/>\nprofit on Wednesday, helped by a surge in fees and commissions<br \/>\nand said it was on track to meet full-year targets.<\/p>\n<p><span><\/span><\/p>\n<p>Diluted headline earnings per share rose to 741 cents in the<br \/>\nsix months to end-June, up from a total 600 cents a year<br \/>\nearlier.<\/p>\n<p><span><\/span><\/p>\n<p>Headline EPS, which exclude certain one-time items, are the<br \/>\nmain gauge of profit in South Africa.<\/p>\n<p><span><\/span><\/p>\n<p>Nedbank said last month it expected first-half profit growth<br \/>\nof up to 26 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Bigger rival Absa Group has already reported a 6<br \/>\npercent drop in profit for the first half, hurt by<br \/>\nnon-performing mortgages.<\/p>\n<p><span><\/span><\/p>\n<p>Nedbank, which is majority owned by insurer Old Mutual<br \/>\n, has turned its retail unit around following losses<br \/>\ninduced by a 2009 recession.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* H1 diluted HEPS rises to 714 cents from 600 cents * Non-interest revenue at R8.27 bln from R7.14 bln * Shares up 25 percent this year (Adds details) JOHANNESBURG, Aug 1 (Reuters) &#8211; South Africa&#8217;s Nedbank Group reported an expected 24 percent jump in first-half profit on Wednesday, helped by a surge in fees [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13059","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13059"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13059\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}