Investec (Botswana) expects an increase in operating profit before tax of between 86% to 106% in 1HY2022

By Published On: November 18th, 2021Categories: Corporate announcement

Investec today announces its scheduled pre-close trading update for the interim period ending 30 September 2021 (1H2022). An investor conference call will be held today at 09:00 UK time /10:00 South African time. Please register for the call at www.investec.com/investorrelations.

Commentary on the group’s financial performance in this pre-close trading update represents the five months ended 31 August 2021 and compares forecast 1H2022 to 1H2021 (30 September 2020).

1H2022 earnings guidance

For the six months ending 30 September 2021, the group expects:

  • Adjusted operating profit before tax between £265 million and £293 million (or 86% to 106% ahead of 1H2021) (1H2021: £142.5 million).
  • The Southern African business’ adjusted operating profit at least 50% ahead in Rands for the period (1H2021: R2 184 million, £