Company News & Results / Absa

Absa records strong earnings growth

Still on track

Absa - a good set of numbers, but operating costs are also up, worryingly so.

Absa in its new guise as 56% owned by UK conglomerate Barclays plc, announced their maiden financial results opting to report on a shorter period to bring the local bank into line with the rest of the Barclays group, and also to meet certain IFRS require

On your marks

The Absa numbers are good as headline earnings were up 23.3%; cost to income ratio of 56.8, while dividend per share were up 62.1%, with market capitalization at R52bn.