FirstRand’s shares advanced yesterday after it June annuals revealed normalised earnings per share growth of 13% to 796.7c, at a reported ROE of 21.5%. The group’s results were however adversely affected by an additional provision required for the UK motor commission matter. The board declared a final dividend of 280cps. FirstRand’s outlook was upbeat, with its ROE from continuing operations guidance range increased to 21-26%.
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