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South African lender Absa posts 17% rise in half-year profit

South African lender Absa posts 17% rise in half-year profit

Reuters3 days ago
JOHANNESBURG, Aug 18 (Reuters) - South African lender Absa Group (ABGJ.J), opens new tab on Monday posted a 17% rise in half-year headline earnings as credit impairments declined and pre-provision profit grew.
The lender posted headline earnings of 11.9 billion rand ($677 million) in the six months ended on June 30.
The group declared an interim dividend of 785 cents per share.
($1 = 17.5654 rand)
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