Barclays Africa Battles Weak Economy to Post Rising Profit

Updated on
  • First-half net income gained 3.7%; interim dividend raised
  • Results ‘better than expected,” Sanlam analyst Rassou says

Barclays Africa Group Ltd., the South African lender that’s being sold by its London-based parent, reported first-half profit growth of 3.7 percent even as credit impairments and non-performing loans increased and the economy shrank.

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