JOHANNESBURG (Reuters) – Absa Group, the South African bank most owned by British lender Barclays Plc, posted a worse-than- expected 9 % drop inside full-year earnings about Tuesday following bad debts spiked. Absa, the initial of South Africa's top 4 banks to report earnings this season, mentioned diluted headline earnings per share totalled 1,224.6 cents inside the year to end-December, from 1,350 cents a year earlier. That was worse than the 6.3 percent decline to 1,265 cents forecast by StarMine's SmartEstimate, that provides more fat to predictions from top-ranked analysts. …
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