Eps ex­pected to be 220% higher

The Star Early Edition - - COMPANIES - – Sandile Mchunu

AD­COCK In­gram Holdings said yes­ter­day it ex­pected to re­port a huge jump in earn­ings for the year to the end of June, with earn­ings per share (Eps) and head­line earn­ings per share (Heps) al­most gain­ing more than 220 per­cent and 30 per­cent re­spec­tively com­pared with 2016. “The Eps and Heps re­ported for the year to the end of June 2016 was 101.4 cents and 228.7c re­spec­tively. Tak­ing the above into ac­count, the com­pany ex­pects Eps and Heps for the year to the end of June 2017 to be not less than 324.5c and 297.3c re­spec­tively, re­flect­ing an in­crease in Eps of not less than 220 per­cent and, in the case of Heps, of not less than 30 per­cent,” the group said in a trad­ing up­date. Ad­cock In­gram said it ex­pected to in­cur a loss of R200 mil­lion on dis­con­tin­ued op­er­a­tions for the pe­riod, and prof­its of R41m re­alised in the first six months of the 2017 fi­nan­cial year on the dis­posal of the group’s sell­ing and dis­tri­bu­tion busi­ness in In­dia.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.