South Africa’s biggest lender by value, FirstRand, reported a 14 percent rise in half-year profit on Thursday, helped by a strong showing at its auto finance unit.
FirstRand said headline EPS totalled 212 cents in the six months ended December, compared with 185 cents a year earlier.
Headline EPS, which strips out certain one-off items, is the main measure of profit in South Africa.
Wesbank, its auto finance business, posted a 9 percent rise in earnings, outpacing a 2 and 3 percent growth in retail and investment banking units, respectively, FirstRand said.
(Reporting by Tiisetso Motsoeneng; Editing by Sunil Nair)