Johannesburg - Mercantile Bank Holdings [JSE:MTL] advised on Tuesday that its earnings and headline earnings per share for the year ended December 31 2011 are expected to increase by 15% to 25%, compared to the earnings and headline earnings per share reported for the year ended December 31 2010.
This is mainly as a result of positive fair value adjustments from equity investments in the structured loan portfolio, it said.
The group's results for the year ended December 31 2011 are expected to be published towards the end of February 2012.
This is mainly as a result of positive fair value adjustments from equity investments in the structured loan portfolio, it said.
The group's results for the year ended December 31 2011 are expected to be published towards the end of February 2012.