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S.Africa’s Capitec declares FY dividend, reports 27% profit drop

PUBLISHED: Tue, 13 Apr 2021 05:13:05 GMT

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JOHANNESBURG, April 13 (Reuters) – South African lender Capitec declared an annual dividend of 1,600 cents ($1.10) per share on Tuesday, when it also reported a 27% decline in full-year profit.

The bank said its headline earnings per share – the main profit measure in South Africa – stood at 3,966 cents for the year to Feb. 28, compared to 5,428 cents a year earlier and in the middle of its forecast range. ($1 = 14.5860 rand) (Reporting by Emma Rumney; Editing by Christopher Cushing)

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