Johannesburg - The country's youngest and fastest growing banking group, Capitec Bank Holdings [JSE:CPI] did not disappoint on Wednesday - reporting a 43% increase in diluted headline earnings per share from 511 cents to 730 cents for the year ended February 2011.
The earnings fell just a hair breadth short of an I-Net Bridge consensus forecast which saw earnings growing at 46% to 747.5 cents.
Income from banking operations swelled 46% from R2.556bn to R3.741bn, with the group recording a return on equity of 34% and now boasting a total of 2.8 million active clients.
The group declared a final dividend of 205 cents versus 155 cents previously (up 32%), bringing the total dividend for the year to 290 cents, which represents a 38% increase on last year's 210 cents.
The earnings fell just a hair breadth short of an I-Net Bridge consensus forecast which saw earnings growing at 46% to 747.5 cents.
Income from banking operations swelled 46% from R2.556bn to R3.741bn, with the group recording a return on equity of 34% and now boasting a total of 2.8 million active clients.
The group declared a final dividend of 205 cents versus 155 cents previously (up 32%), bringing the total dividend for the year to 290 cents, which represents a 38% increase on last year's 210 cents.