investec plc (INVP) Snapshot

Investec plc (LSE:INVP) is known to be preparing an initial public offer (IPO) for the portfolio of industrial properties acquired from Lang Walker on the South African stock exchange.

Investec plc reported unaudited consolidated earnings results for the year to March 31, 2013. For the year, the company reported net interest income was GBP 702,526,000 against GBP 699,047,000 a year ago. Operating income was GBP 1,755,488,000 against GBP 1,606,888,000 a year ago. Operating profit was GBP 394,880,000 against GBP 296,577,000 a year ago. Profit before taxation was GBP 393,631,000 against GBP 291,235,000 a year ago. Profit after taxation was GBP 320,808,000 against GBP 236,492,000 a year ago. Earnings attributable to shareholders were GBP 317,491,000 or 30.6 pence diluted per share against GBP 247,527,000 or 24.3 pence diluted per share a year ago. Adjusted earnings attributable to ordinary shareholders before goodwill, acquired intangibles and non-operating items was GBP 316,709,000 or 34.8 pence diluted per share against GBP 257,579,000 or 30.1 pence diluted per share a year ago. Net cash outflow from operating activities was GBP 1,404,850,000 against net cash inflow from operating activities of GBP 1,513,142,000 a year ago. Adjusted operating profit before taxation was GBP 433.2 million against GBP 358.6 million for the same period a year ago. The company announced the board proposed a final dividend of 10.0 pence per ordinary share equating to a full year dividend of 18.0 pence compared to 17.0 pence per share in 2012, resulting in a dividend cover based on the group's adjusted EPS before goodwill and non-operating items of 2.1 times (2012: 1.9 times), consistent with the group's dividend policy. The ex-dividend date will be on 24 July 2013 on London Stock Exchange (JSE) and 22 July 2013 on Johannesburg Stock Exchange (JSE). The dividend will be payable on 12 August 2013 on the JSE and LSE with record date of 26 July 2013 on the JSE and LSE.

Investec plc, 2013 Earnings Call, May 23, 2013