FirstRand earnings sink as customers seek debt relief
FirstRand has posted a significant drop in headline earnings for the year ended June 2020, reflecting an extremely challenging trading environment brought on by the Covid-19 pandemic and subsequent lockdown. Headline earnings declined 38% to R17.3 billion, from R27.9 billion previously. Basic headline earnings per share reflected the same decrease to 308.9 cents, from 497.2 …
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