(Reuters) – South Africa’s Standard Bank Group Ltd said on Tuesday it expects a 50% to 60% jump in full-year profit thanks to a recovery in the economy from the pandemic-induced slump.
The bank forecast headline earnings per share – the main gauge of corporate profit in South Africa – between 1,503.9 cents and 1,604.2 cents for the year to Dec. 31. The year-ago figure was 1,002.6 cents.
(Reporting by Sinchita Mitra in Bengaluru; Editing by Aditya Soni)
