FirstRand Limited reported unaudited consolidated earnings results for the six months ended December 31, 2012. Income from operations was ZAR 25,852 million against ZAR 22,137 million for the same period in the last year. Net income from operations was ZAR 10,200 million against ZAR 8,766 million for the same period in the last year. Income before tax was ZAR 10,498 million against ZAR 9,049 million for the same period in the last year. Profit for the period was ZAR 7,574 million against ZAR 6,590 million for the same period in the last year. Profit attributable to ordinary equityholders was ZAR 7,019 million against ZAR 6,067 million for the same period in the last year. Net cash flows from operating activities was ZAR 11,140 million against ZAR 6,124 million for the same period in the last year. The slowdown in South Africa did impact some parts of the common Monetary Area (specifically Namibia) and Botswana. Elsewhere in the region, those economies exposed to resources performed better as international commodities prices remained buoyant. Normalised earnings were ZAR 7,218 million compared to ZAR 5,771 million for the same period in the last year. Diluted earning per share was 127.9 cents compared to 101.5 cents for the same period in the last year. Diluted headline earning per share was 131.1 cents compared to 102.4 cents for the same period in the last year. Diluted normalised earning per share was 128.0 cents compared to 102.4 cents for the same period in the last year. Normalised return on equity was 21.9% compared to 19.5% for the same period in the last year. The company declared dividends on the B preference shares were calculated at a rate of 75.56% of the prime lending rate of FNB, a division of FirstRand Bank Limited. For the six months 320.3 african cents against 305.2 african cents for the same period in the last year. The directors have declared a gross cash dividend totaling 55.0 cents per ordinary share out of income reserves for the six months ended December 31, 2012 compared to 44 cents for the same period a year ago. The dividend will be paid on April 2, 2013 to the shareholders recorded on March 28, 2013. Last day to trade cum-dividend is March 20, 2013. Shares commence trading ex-dividend is March 22, 2013.

FirstRand Limited, H1 2013 Earnings Call, Mar 05, 2013

FirstRand Limited announced earnings results for the year ended June 30, 2012. For the year, the company reported normalized net asset value of ZAR 64.4 billion. Normalized earnings were ZAR 12.7 billion. Normalized ROE was 20.7%.