S.Africa's Investec reports 16.8% drop in annual profit

  • Reuters
  • Stock Market News
S.Africa's Investec reports 16.8% drop in annual profit

JOHANNESBURG, May 21 (Reuters) - South African financial services firm Investec INVP.L INLJ.J reported a 16.8% drop in full-year profit on Thursday.

It had forecast a decline of 16-23% in March.

Adjusted earnings per share, which reflect profits made in through ordinary operations, stood at 46.5 cents, down from 60.09 cents a year earlier, the company said.

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