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S.Africa's Capitec says full-year profit to rise by up to 21%

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03/06/2020 | 07:36am EDT
Customers queue to draw money from an ATM outside a branch of South Africa's Capitec Bank in Johannesburg,South Africa

South African lender Capitec said on Friday its profit for the year to Feb. 29 would rise by up to 21%, without giving a reason.

It said its headline earnings per share - the main profit measure in South Africa - would be between 5,401 cents ($3.44) and 5,538 cents, compared with 4,577 cents a year earlier.

Its shares rose following the announcement, but were still 2.17% down at 1222 GMT, and stood at 1,320 cents verses a low of 1,294 cents earlier in the day.

($1 = 15.7026 rand)

(Reporting by Emma Rumney; editing by David Evans)

Stocks mentioned in the article
ChangeLast1st jan.
CARDINAL HEALTH, INC. -0.87% 56.34 Delayed Quote.10.26%
CARDLYTICS, INC. 2.47% 79.5 Delayed Quote.23.50%
DOW JONES AFRICA TITANS 50 INDEX 0.62% 441.86 Delayed Quote.-17.89%
DOW JONES SOUTH AFRICA(ZAR) -0.90% 1603.57 Delayed Quote.-10.38%
RISE, INC. 0.00% 23 End-of-day quote.-23.33%
S&P AFRICA 40 INDEX 0.44% 143.17 Delayed Quote.-17.20%
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