JOHANNESBURG, March 6 South Africa's Capitec
Bank expects to post full-year profit up by as much as
19 percent, in line with analyst expectations, the fast-growing
lender said on Monday.
Capitec, which specialises in unsecured lending, said that
headline earnings per share (EPS) for the year to Feb. 28 will
be between 3,233 cents and 3,317 cents, an increase of between
16 percent and 19 percent on the previous year.
Analysts expect Capitec to report a 16.6 percent rise in
headline EPS -- which strips out certain one-off items and is
the main profit-measure in South Africa -- to 3,242 cents,
Thomson Reuters Smart Estimates show.
Shares in Capitec have climbed by 300 percent since 2014 as
the lender has attracted about 100,000 new customers a month.
The shares were up 0.6 percent at 736 rand by 1259 GMT on
Monday, against a 0.1 percent decline for the Johannesburg Stock
Exchange's benchmark Top-40 index.
(Reporting by TJ Strydom; Editing by David Goodman)