S.Africa's Investec flags up to 29% full-year profit drop

  • Reuters
  • Stock Market News
S.Africa's Investec flags up to 29% full-year profit drop

JOHANNESBURG, March 19 (Reuters) - South Africa's Investec INLJ.J INVP.L said on Friday that its profit in the year to March 31 was likely to fall by up to 29%.

The firm said it expected adjusted earnings per share, which reflect profits on ordinary operations of 24-27 pence, down from 33.9 pence a year earlier reflecting its spin-off of asset manager Ninety One N91.L .

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