Company Results | Nedbank reports surging profit: Jason Quinn

Nedbank released its annual financials today. For the 12 months ended December 2024, the bank reported revenue of R72.2 billion, up 4% on the year prior. Diluted headline earnings per share rose by 11% to 3 538 cents with the bank also reporting a slight increase in its cost metrics. Shareholders are set to get a gross final dividend of R11.04 a share. Despite what appear to be decent numbers on the face of things, the bank has described the operating environment in 2024 as a challenging one. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.