{"id":379731,"date":"2020-03-06T15:12:38","date_gmt":"2020-03-06T13:12:38","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=379731"},"modified":"2020-03-06T15:12:38","modified_gmt":"2020-03-06T13:12:38","slug":"capitec-expects-massive-earnings-boost","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/379731\/capitec-expects-massive-earnings-boost\/","title":{"rendered":"Capitec expects massive earnings boost"},"content":{"rendered":"

Capitec Bank says it expects headline earnings for the full year to 29 February 2020 to be as much as 21% higher than last year.<\/p>\n

The group said in a trading statement on Friday (6 March), that it expects headline earnings per share will be between 5,401 cents and 5,538 cents per share, representing an increase of between 18% and 21% compared to the 4,577 cents per share reported in the prior year.<\/p>\n

Earnings per share will be between 5,394 cents and 5,531 cents per share, representing an increase of between 18% and 21% compared to the 4,571 cents per share reported in the prior year.<\/p>\n

In September 2019, the bank reported an 18% increase in operating profit before tax to R3.83 billion for the half year ended August 2019.<\/p>\n

Headline earnings per share increased by 20% to R25.45 per share, from R21.28 per share in the prior corresponding period.<\/p>\n

Headline earnings increased to R2.94 billion for the six month period ended August 2019 from R2.46 billion.<\/p>\n

Dividends per share increased by 20% to 755 cents per share.<\/p>\n

\n

Read: <\/strong>Why Capitec launched a whole new banking app<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Capitec Bank says that it expects headline earnings for the full year to 29 February 2020 to be as much as 21% higher than last year’s results.<\/p>\n","protected":false},"author":10,"featured_media":320757,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1798,26],"class_list":["post-379731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-capitec","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/379731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=379731"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/379731\/revisions"}],"predecessor-version":[{"id":379751,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/379731\/revisions\/379751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/320757"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=379731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=379731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=379731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}