Johannesburg - Investment bank and asset manager of Investec [JSE:INL] reported an 18% rise in full-year profit on Thursday, boosted by strong income from fees and commissions.
Investec, which is also listed in London, said diluted headline earnings per share totalled 30 pence in the year to end-March, compared with 25.4 pence a year earlier.
Fee and commissions rose 10% to £972.7m, while net interest income, the measure of earnings from lending, was little changed from a year earlier, at £702.5m.
The bank, which has operations in Australia, Ireland and the United Kingdom, said investment income grew nearly 5%, after a strong showing by its South African property fund and unlisted portfolios.
Investec shares have gained over 20% so far this year.