Full Year 2018 Absa Group Ltd Earnings Call Transcript
Well, good morning, everybody, and thank you for joining us on our webcast or on the line. My presentation will focus on our 2018 financial performance and then update you on the progress we're making in the separation from Barclays before providing our 2019 guidance and taking any questions.
As we separate from Barclays, we continue to give a normalized view of our financial results that better reflects our underlying performance. We reconcile our normalized and reported IFRS results in our booklet, and I'll refer to our normalized financials throughout this presentation.
Starting with our salient features, diluted headline EPS rose 4%. As we guided, our dividend per share is up 4%, in line with our HEPS growth. Our NAV per share grew 4% despite IFRS 9 reducing equity. As we guided, return on equity improved slightly to 16.8%.
Our profit after regulatory capital charge, or PARC, which is a version of economic profit, grew 5% to ZAR 2.7 billion. I'll cover the other key metrics in some
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