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South Africa's Barclays Africa boosts annual profit by 10 percent

Published 01/03/2016, 06:00
Updated 01/03/2016, 06:10
© Reuters. A couple walks past a Barclays logo in Johannesburg

JOHANNESBURG (Reuters) - South Africa's No.3 lender Barclays Africa (J:BGAJ) reported on Tuesday a 10 percent rise in annual profit, helped partly by a stronger showing from its cross-border business.

The pan-African lender, majority owned by eponymous British bank (L:BARC), said diluted headline EPS totalled 1,686 cents in the year to end December compared with 1,537 cents a year earlier.

Headline EPS is the main profit measure in South Africa that strips out certain one-off items.

The British lender, Barclays Plc, is expected to release details of a strategic review that is widely expected to include the sale of its 62.3 percent stake in Barclays Africa.

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