Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
May 25 2012 17:09
Clients hoping to cash in their end of month paychecks at Absa received a nasty surprise after the online banking system fell over.
Johannesburg - Banking group Standard Bank [JSE:SBK] said on Thursday that for the six months ended June 2010 earnings per share (EPS), headline earnings per share (Heps) and diluted Heps are expected to be between 6% and 12% higher than 1H09, calculated on a normalised basis.
On an International Financial Reporting Standards basis, Standard Bank Group's EPS, Heps and diluted Heps are expected to be between 9% and 15% higher than 1H09.
The group will be releasing its results on August 12.
It said that its subsidiary, Liberty Holdings reported interim results earlier Thursday and given the large turnaround in Liberty's earnings for the period, and the effect this has on the group's results, a voluntary trading statement for Standard Bank was issued.
Standard Bank said its normalised earnings reflect the legal and economic substance of the group's Black Ownership Initiative; and deemed treasury shares held for the benefit of Liberty policyholders and to facilitate client trading activities.
- I-Net Bridge