Trading Update – Capitec’s income from operations was up by 12% to R30.3 billion. Impairments rose 80% to R6.3 billion. Operating profit before tax increased by 12% to R12.2 billion. Both EPS and HEPS increased by 14% and 15% respectively. The total dividend per ordinary share (excluding special dividends) increased by 15%, and the net asset value increased by 9%. Capitec declared a final gross dividend of 2,800 cents per share, bringing the total dividend to 4,200 cents per share, in line with its ordinary dividend policy of paying out 50% of headline earnings.
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