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The
company, which services higher-income clients, reported an
adjusted earnings per share - profits made in the course of
ordinary operations - of 55.1 pence for the year ended March 31,
a tad higher than its estimate.
It announced a final dividend of 14 pence per share, taking its
full year dividend to 25 pence per share.
Investec shares, however, were down over 3% at 1135 GMT.
The niche lender, with a listing in the UK as well, has been
amongst the top performing banks in South Africa in terms of
share price in the last two years.
This has been driven mainly by a focus on acquiring and
servicing quality clients, cutting costs and hiving off non-core
businesses.
Investec primarily operates in specialist banking, whereby it
serves the banking needs of high-value clients, and wealth
management in South Africa and the UK. This translates into two
main sources of revenue for the company - funds under management
and loans.
For the year ended March 31, it posted a 9.2% increase in funds
under management to 63.8 billion pounds and a 13.2% increase in
core loans to 29.9 billion pounds.
Its revenue grew 21.3% to 2 billion pounds.
Chief Executive Fani Titi told Reuters in an interview that the
Russia-Ukraine crisis will be "transient" but it will have
far-reaching impacts on global consumption of everything from
fuel to food, making inflation a phenomenon for at least a "few
years."
"The environment and the outlook is cloudy but we are confident
in the quality of our clients... and the fundamental strength of
our business," he said.
($1 = 0.8066 pounds)
(Reporting by Promit Mukherjee; editing by Olivia
Kumwenda-Mtambo, Jason Neely and Susan Fenton)
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