StockMarketWire.com - Investec's interim statutory operating profit before goodwill, acquired intangibles, non-operating items and taxation and after other non-controlling interests increased 11.8% to £314.6m - an increase of 1.1% on a currency neutral basis.

Statutory adjusted earnings per share before goodwill, acquired intangibles and non-operating items for the six months to the end of September increased 17.2% from 22.7 pence to 26.6 pence - an increase of 5.7% on a currency neutral basis.

Ongoing operating profit increased 10.5% to £347.5m - an increase of 0.9% on a currency neutral basis.

Ongoing adjusted EPS before goodwill, acquired intangibles and non-operating items increased 14.8% from 25.7 pence to 29.5 pence - an increase of 4.7% on a currency neutral basis.

Recurring income as a percentage of total operating income amounted to 76.4% (2016: 72.4%).

Chief executive Stephen Koseff said: 'We have continued to invest to grow our client franchise businesses.

'We have improved and enhanced our digital and online services to complement our strong client centric service model. This spending has further strengthened our franchises in private banking and wealth management.

'Our geographical and operational diversity supports a strong recurring income base and earnings which will help us weather an uncertain world.'




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