Absa sees improvement in profit measure this year

Bloomberg

Absa Group Ltd. forecast that its return on equity, a measure of profit, will improve slightly this year, helped by the South African lender’s operations in the rest of the continent.
While costs will improve by the end of the year, expenses are still likely to grow faster than income, the bank said.
Absa, which rebranded from Barclays Africa Group after its former parent reduced its controlling stake, is focussing on winning back market share in South Africa.