• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Abil banks 18% profit, ups dividend

Nov 19 2012 08:48
Johannesburg - African Bank Investments [JSE:ABL] reported an 18% rise in annual profit on Monday that missed market expectations, a sign that demand for unsecured lending could be cooling.

The mass-market lender said diluted headline earnings per share totalled 342.5 cents in the year to end- September, compared with 291c a year earlier.

A poll of 12 analysts had expected earnings to increase 25% to 362c, according to Thomson Reuters data.

Headline EPS, which excludes some one-time and financial items, is the main measure of profit in South Africa.

The company said it increased dividends by 5% to 195c, higher than the 183c expected by in the poll of analysts.

Interest income rose 36% to R9.9bn and non-interest income rose 12% to R3.3bn.

Abil shares are down 13% this year, compared with over 14% growth by Johannesburg Top-40 index.


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote