{"id":7561,"date":"2012-02-01T09:24:48","date_gmt":"2012-02-01T07:24:48","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-absa-sees-fy-earnings-up-by-as-much-as-22-pct\/"},"modified":"2012-02-01T09:24:48","modified_gmt":"2012-02-01T07:24:48","slug":"update-1-absa-sees-fy-earnings-up-by-as-much-as-22-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-absa-sees-fy-earnings-up-by-as-much-as-22-pct\/","title":{"rendered":"UPDATE 1-Absa sees FY earnings up by as much as 22 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 1 (Reuters) &#8211; Absa Group,<br \/>\nthe South African lender majority owned by Britain&#8217;s Barclays<br \/>\nPlc, said on Wednesday its full-year earnings likely<br \/>\nrose by as much as 22 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Absa, which is due to report results on February 10, said in<br \/>\na statement it expected to report an increase of between 18 and<br \/>\n22 percent in diluted headline earnings per share for the year<br \/>\nto end-December.<\/p>\n<p><span><\/span><\/p>\n<p>That compares to an average forecast of a 19 percent<br \/>\nincrease in a poll of 13 analysts by Thomson Reuters.<\/p>\n<p><span><\/span><\/p>\n<p>Headline EPS, which excludes certain items, is the main<br \/>\nmeasure of profit in South Africa.<\/p>\n<p><span><\/span><\/p>\n<p>The bank did not give a reason for the expected rise in<br \/>\nprofit. It reported a 19 percent increase in first-half earnings<br \/>\nin August, as a drop in bad debts helped lift its mainstay<br \/>\nretail unit.<\/p>\n<p><span><\/span><\/p>\n<p>The bank has focused on reining in costs and boosting<br \/>\nrevenue from transactions as demand for credit, particularly<br \/>\nfrom corporate clients, remains slack in Africa&#8217;s largest<br \/>\neconomy.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of Absa are up about 5 percent so far this year after<br \/>\na flat 2011, putting the share performance roughly in line with<br \/>\nthe benchmark Top-40 index.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Feb 1 (Reuters) &#8211; Absa Group, the South African lender majority owned by Britain&#8217;s Barclays Plc, said on Wednesday its full-year earnings likely rose by as much as 22 percent. Absa, which is due to report results on February 10, said in a statement it expected to report an increase of between 18 and [&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-7561","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\/7561","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=7561"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}