Stephen Koseff, Chief Executive Officer of Investec said:
"These results show that Investec has made strong progress with its strategy to grow revenues from less capital intensive activities. While income from principal transactions declined, operating profits held up well in challenging markets, with revenues from net fees and commissions growing by 31%. We continue to look for opportunities to leverage our platforms whilst maintaining the appropriate vigilance to navigate a steady course."
Bernard Kantor, Managing Director of Investec said:
"This was a very difficult trading period during which the Investec model again showed its defensive qualities. Net interest income rose by 13% and nearly two thirds of our income came from recurring revenue streams. The group has maintained its absolute level of profitability since the financial crisis began and we have strong levels of capital and liquidity. We will continue to maintain the strongest possible platform for our operating businesses and our clients."
The Interim dividend was held at 8p per share.
