Absa Group Limited

Johannesburg Stock Exchange ABG.JO

Absa Group Limited Gross Profit Margin for the year ending December 31, 2023: 230.56%

Absa Group Limited Gross Profit Margin is 230.56% for the year ending December 31, 2023, a 130.56% change year over year. Gross Profit Ratio is the ratio of gross profit to net sales, indicating the percentage of revenue that exceeds the cost of goods sold and reflects the efficiency of a company in managing its production or procurement and sales.
  • Absa Group Limited Gross Profit Margin for the year ending December 31, 2022 was 100.00%, a 0.00% change year over year.
  • Absa Group Limited Gross Profit Margin for the year ending December 31, 2021 was 100.00%, a 0.00% change year over year.
  • Absa Group Limited Gross Profit Margin for the year ending December 31, 2020 was 100.00%, a 0.00% change year over year.
  • Absa Group Limited Gross Profit Margin for the year ending December 31, 2019 was 100.00%, a -4.45% change year over year.
Key data
Date Gross Profit Margin Operating Income Margin EBT Margin Net Income Margin
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Johannesburg Stock Exchange: ABG.JO

Absa Group Limited

CEO Mr. Charles Russon
IPO Date Jan. 4, 2000
Location South Africa
Headquarters Absa Towers West
Employees 37,082
Sector Finance
Industries
Description

Absa Group Limited, together with its subsidiaries, provides various financial products and services in South Africa and internationally. The company operates through Retail and Business Banking; Corporate and Investment Banking; and Head Office, Treasury and Other Operations. It provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services. The company offers retail and business banking products and services to individual, enterprise, and commercial customers, including residential property-related finance solutions; vehicle and asset finance products and services; credit cards; personal loans; relationship banking; short-term insurance products; transactional banking, savings, and investment products and services; and rewards program and services. It also provides commercial property finance and term loans. In addition, the company offers investment banking services; private equity and infrastructure investments; corporate banking products and services; and wealth management services. Further, it provides life insurance products covering death, disability and retrenchment, funeral, and life wrapped investment products; investments, such as asset management, multi-management, unit trusts, and investment products; treasury services; and wealth and financial advisory services. Additionally, the company offers market services; trade and working capital solutions; and cash management, payment, and liquidity products and solutions. It also offers broker-dealer trading in debt and equity securities; and solicitation, syndication, selling, and arranging of equity and debt products, as well as financial, leasing, and management services. The company was formerly known as Barclays Africa Group Limited and changed its name to Absa Group Limited in May 2018. Absa Group Limited was incorporated in 1986 and is based in Johannesburg, South Africa.

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StockViz Staff

January 15, 2025

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