Absa expects a drop in first-half 2024 earnings. (Elvira Wood/ Netwerk24)
Absa’s share price slumped after the banking group advised shareholders to expect lower first-half earnings.
SA’s fourth-largest bank by market value said it expects headline earnings to fall by “mid to high single digits” in the six months to end-June, with earnings likely down by high single to low double digits, according to a voluntary trading update released after the market close on Wednesday.
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