South Africa's Standard Bank posts 27 pct profit rise

March 3, 2016 6:16 AM

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JOHANNESBURG, March 3 South Africa's Standard Bank reported a 27 percent rise in full-year profit on Thursday after offloading loss-making operations outside Africa.

Standard Bank said headline earnings per share (EPS) totalled 1,359 cents for the period to end-December, from 1,070 cents the previous year. Headline EPS is the main profit measure in South Africa and excludes certain one-off items.

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