Tue, 01 Aug 2017 09:30:41 +0000 By BUUMBA CHIMBULU BARCLAYS Africa Group Limited has registered a 7 percent increase in its headline earnings, an indication that the institution is well positioned to meet the challenges in all its markets across the continent, says its chief executive, Maria Ramos. Ms. Ramos said the group had so far demonstrated its ability to conduct businesses effectively in all its markets in the continent. She said this could be seen from the normalised headline earnings which increased by seven per cent to R7.8 billion. “As Barclays Africa, we are well positioned to meet the challenges in all its markets across the continent, despite our Group revenue declining by one per cent to R36 billion due to a deteriorating economic environment in South Africa, which in turn caused pre-provision profit to decline six per cent,” she said. Ms. Ramos explained that the headline increase was driven by strong earnings growth […]
