Loading...
See More

Investec refines some of its disclosures

May 11 2012 11:01 I-Net Bridge

Company Data

INVESTEC PLC [JSE:INP]

Last traded 93.77
Change -1.29
% Change -0.01
Cumulative volume 469114
Market cap 57.55bn

Last Updated: 01/10/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Investec profit hit by investment banking

Top banks ditch Auction Alliance

Banks to probe auction scheme

Investec in profit warning

Moody's downgrades five SA banks

Investec buys Ireland’s NCB

 
Johannesburg - International specialist banking group and asset manager Investec plc [JSE:INP], which has dual listings in London and Johannesburg, has announced reclassifications and enhancements to the disclosures for the group's results for the year ended 31 March 2011.

The group said on Friday that in terms of its recent presentations and announcements one would be aware that the Investec Group had positioned its' strategic discussions around three core business areas namely, Asset Management, Wealth & Investment and Specialist Banking.

"In some respects the Group feels that it has historically overcomplicated its external disclosures by elaborating on six core areas of business. As you would have already seen in the Group's recent presentations all the banking businesses have been combined under one broader umbrella of the Specialist Bank," the group added.

As a result it said it had chosen to refine some of its disclosures.

"The Group believes that these refinements provide greater clarity on the key income and balance sheet drivers of its business."
investec
NEXT ON FIN24X

 
 
 

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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

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