FirstRand

FY Results – Headline earnings were R36.74 billion, up 12%. Basic and normalized HEPS were up 12% to 655c. Normalized net asset value per share was 3,221.3 cents, reflecting a 10% increase from 2,938.9 cents. The ordinary dividend per share was 384 cents, a 12% increase. ROE was 21.2%, compared to 20.6% in the previous year. Results were primarily driven by topline growth, including new business origination, deposit franchise growth, and strong performance in the transactional franchise.
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