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NEDBANK RESULTS – Nedbank posts 20% rise in full year profit

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GUEST – Mfundo Nkuhlu, COO at Nedbank

Nedbank’s 2022 full-year results revealed a significant increase in the company’s headline earnings, which allowed it to increase its total dividend for 2022 by 38%. The company declared a final dividend of 866 cents per share, a 14% increase from December 2021.

This brought the total dividend for 2022 to 1,649 cents per share – a record-high for Nedbank. Despite a “challenging macroeconomic backdrop”, the company managed to increase its headline earnings to R14 billion, said Nedbank CEO Mike Brown. Unlike many other companies in South Africa, Nedbank reported that load-shedding had had a limited impact on its operations, though it did increase the company’s expenses
8 Mar 2023 1AM English South Africa Business News · Investing

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