{"id":7687,"date":"2012-02-06T13:44:54","date_gmt":"2012-02-06T11:44:54","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-nedbank-sees-fy-earnings-28-pct-higher\/"},"modified":"2012-02-06T13:44:54","modified_gmt":"2012-02-06T11:44:54","slug":"update-1-nedbank-sees-fy-earnings-28-pct-higher","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-nedbank-sees-fy-earnings-28-pct-higher\/","title":{"rendered":"UPDATE 1-Nedbank sees FY earnings 28 pct higher"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Sees FY diluted headline EPS up 23-28 pct<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Analyst estimates for 25 pct increase<\/p>\n<p> (Adds details)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 6 &#8211; Nedbank, South Africa&#8217;s<br \/>\nfourth-largest lender, said its full-year earnings rose by as<br \/>\nmuch as 28 percent, boosted by higher non-interest revenues and<br \/>\na better-performing retail unit.<\/p>\n<p><span><\/span><\/p>\n<p>Nedbank, like other banks in Africa&#8217;s top economy, has been<br \/>\non a push to boost the money it makes from transactions, to<br \/>\noffset weakness in loan demand.<\/p>\n<p><span><\/span><\/p>\n<p>The bank, which is majority owned by insurer Old Mutual,<br \/>\n  said in a statement on Monday it expects to<br \/>\nreport a 23 to 28 percent increase in diluted headline earnings<br \/>\nper share for the year to end-December.<\/p>\n<p><span><\/span><\/p>\n<p>That compares with an average estimate of a 25 percent<br \/>\nincrease in a poll of 14 analysts by Thomson Reuters.<\/p>\n<p><span><\/span><\/p>\n<p>Bigger rival Absa has also flagged its own profits<br \/>\nwill increase by as much as 22 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Nedbank is due to report its full-year financial results on<br \/>\nFeb. 29. Its shares were up 0.94 percent at 160.49 rand at 0743<br \/>\nGMT, compared with a 0.12 percent rise in the Top-40 index<br \/>\n.\t<\/p>\n<p> (Reporting by Helen Nyambura-Mwaura; editing by David Dolan)<\/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>* Sees FY diluted headline EPS up 23-28 pct * Analyst estimates for 25 pct increase (Adds details) JOHANNESBURG, Feb 6 &#8211; Nedbank, South Africa&#8217;s fourth-largest lender, said its full-year earnings rose by as much as 28 percent, boosted by higher non-interest revenues and a better-performing retail unit. Nedbank, like other banks in Africa&#8217;s top [&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-7687","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\/7687","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=7687"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7687\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}