Investec Posts Drop In Profit

Investec PLC ITCFY reported a drop in its pretax profit in the half year ended Sept. 30. Investec's pretax profit declined to 199.65 pounds, versus GBP214.29 million, in the year-ago period. Its operating income rose to GBP851.77 million, from GBP849.08 million. Investec's earnings per share fell to 15.9 pence from 18.1 pence, while adjusted earnings per share declined to 18.7 pence from 19.4 pence.