March 2, 2018 / 5:37 AM / 3 months ago

South Africa's Nedbank says FY profit up 2.4 pct

JOHANNESBURG, March 2 (Reuters) - South Africa’s No.4 lender by value Nedbank reported a slight increase in full-year profit on Friday as cost cuts and lower bad debts offset a weak showing at its west-African associate Ecobank .

Headline EPS, the primary profit gauge in South Africa that strips out one-off items, rose 2.4 percent to 2,406 cents in the year ended December. (Reporting by Tiisetso Motsoeneng Editing by Ed Stoddard)

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