March 3, 2020 / 5:19 AM / a month ago

S.Africa's Nedbank reports almost 7% fall in full-year profits

JOHANNESBURG, March 3 (Reuters) - South Africa’s Nedbank said on Tuesday its profits for the year to Dec. 31 fell by 6.7% as a weak economy at home, rising impairments and a number of one-off items hurt its performance.

The lender’s headline earnings per share - the main profit measure in South Africa - stood at 2,605 cents ($1.69), versus 2,793 cents a year earlier.

$1 = 15.3932 rand Reporting by Emma Rumney; Editing by Tom Hogue

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