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South Africa's FirstRand profit up 6 pct, misses forecasts
September 7, 2017 / 7:05 AM / 2 months ago

South Africa's FirstRand profit up 6 pct, misses forecasts

JOHANNESBURG, Sept 7 (Reuters) - South African bank FirstRand reported a 6 percent rise in annual profit on Thursday, missing expectations as a weak economy hit both investment and consumer spending.

Headline earnings per share came in at 424 cents for the year ended June 30, below a 436 cents estimate in a poll of 11 analysts by Thomson Reuters I/B/E/S.

Headline EPS, which strips out certain one-off items, is the primary profit measure in South Africa. (Reporting by Tiisetso Motsoeneng; editing by David Clarke)

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