S.Africa's Nedbank says 2020 profit could fall by up to 60%

JOHANNESBURG (Reuters) - South Africa's Nedbank Ltd said on Friday its profit for the year ended Dec. 31 could drop by almost 60% due to the impact of the pandemic.

It expects headline earnings per share (HEPS), the main profit measure in South Africa, of between 10.42 rand ($0.6801) and 11.72 rand, down 55%-60%, the lender said.

Nedbank will announce its results on March 17.

(Reporting by Promit Mukherjee; editing by Jason Neely)