StockMarketWire.com - Investec reports a resilient first half with continued target market penetration reflected in growth in key earnings drivers and client driven revenue lines despite high levels of macro uncertainty in its key operating geographies.

Statutory operating profit before goodwill, acquired intangibles, non-operating items and taxation and after other non-controlling interests ('operating profit') increased 0.7% to £281.4 million (2015: £279.4 million) - an increase of 1.6% on a currency neutral basis.

Statutory adjusted earnings per share (EPS) before goodwill, acquired intangibles and non-operating items increased 1.8% from 22.3 pence to 22.7 pence - an increase of 2.2% on a currency neutral basis.

Ongoing operating profit decreased 0.2% to £314.5million (2015: £315.0 million) - an increase of 0.6% on a currency neutral basis.

Ongoing adjusted EPS before goodwill, acquired intangibles and non-operating items increased 0.8% from 25.5 pence to 25.7 pence - an increase of 1.2% on a currency neutral basis.

Recurring income as a percentage of total operating income amounted to 72.4% (2015: 71.6%).

The annualised credit loss charge as a percentage of average gross core loans and advances amounted to 0.19% (2015: 0.22%), with impairments increasing marginally.

Third party assets under management increased 16.5% to £141.8 billion (31 March 2016: £121.7billion) - an increase of 10.3% on a currency neutral basis.

Customer accounts (deposits) increased 17.7% to £28.3 billion (31 March 2016: £24.0 billion) - an increase of 7.3% on a currency neutral basis.

Core loans and advances increased 16.1% to £20.4 billion (31 March 2016: £17.5 billion) - an increase of 4.0% on a currency neutral basis.


At 8:11am: [LON:INVP] Investec PLC share price was +13.75p at 514.25p



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