Alexforbes reported normalised HEPS flat at 69c, while reported HEPS from total operations fell -5% to 67c. Operating income increased 10% to R4.85bn, driven by higher average assets, strong investment performance and new business inflows. Normalised profit from operations rose 22% to R1.03bn as expense growth remained well controlled and retail and investment businesses delivered strong growth. The total dividend increased 4% to 57c per share.
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