S.African bank Capitec's interim profits soar 513%

JOHANNESBURG (Reuters) - South African lender Capitec reported an over six-fold rise in half-year profits on Thursday, as it bounced back from the blow dealt by the COVID-19 pandemic last year.

The bank said its headline earnings per share - the main profit measure in South Africa - for the period stood at 3,447 cents in the six months to Aug. 31, compared to 562 cents a year earlier and in the middle of its forecast range.

(Reporting by Emma Rumney)